Culture&Arts

The Ongoing Saga Between Amazon, Bezos And Trump

The Ongoing Saga Between Amazon, Bezos And Trump

A Fake News Joke!' he added in a second tweet.

Bradd Jaffy, NBC News senior editor, issued a rebuttal to Trump's tweet, saying, "there's no Internet tax". But a Time Inc. spokeswoman confirmed to the Post the cover is a fake, and the company has asked the Trump Organization to remove the photographs. Trump's White House isn't commenting on why the clubs displayed the magazines. Jeff Bezos, who founded Amazon, also owns the Washington Post.

Trump has criticized the Post in the past, as he has other media outlets.

Despite the tweet, Amazon does not own The Washington Post. Trump clearly has no problem going after Amazon when he feels wronged by the Post.

Bezos hit back at Trump soon after at a Post-sponsored event.

There is no such thing as the "internet taxes" Trump said Amazon should pay. Trump was likely referring to sales tax, but Amazon started collecting sales tax nationwide in April. It's also unclear what Trump means precisely by "Internet taxes". Amazon is getting away with murder tax-wise. "The problem has been solving itself", Rosenthal said.

With respect to an "internet tax", states and localities can't levy taxes on access to the web.




And while there isn't a federal "internet tax", as Trump contends, Amazon has worked out arrangements with states to collect sales taxes on consumers' online purchases - all the while seeking a national solution that many Republicans long have opposed.

The stock immediately plunged about $8 per share before recovering by the market open.

Trump on Wednesday stopped short of accusing Amazon of engaging in antitrust practices, an argument he has invoked in the past.

Importantly, Amazon is in the process of acquiring Whole Foods.

"I haven't seen anything that Amazon has done that would qualify remotely for antitrust consideration", Ross said.

Bezos attended a tech CEO meeting at the White House last week, praising Trump for forming the American Technology Council to bring private-sector knowledge into government work. Given Trump's Wednesday tweet, the relationship between the pair may again be cooling.


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