Amazon’s shares continue to drop due to preferential tax regime disputes

Georgiana Bendre 03/04/2018 | 09:53

Amazon’s shares continue to drop, so that this Monday they dropped by over 4 percent in one day, after president Donald Trump had attacked again the online retailer on the preferential tax regime. He promised unspecified changes, according to Reuters. 

“The American Post is losing a fortune, and this will change. Also, the retailers who pay taxes fully are closing their stores in the entire country…there are not equal competition conditions!,” said Donald Trump, on his Twitter account.

Trump also attacked last Thursday on Twitter, saying that the giant-retailer “pays very small or even not at all” local and state taxes, according to BBC.

Amazon quotation has dropped significantly last week, generating losses of USD 53 billion, after journalist Jonathan Swan said that Trump discussed privately about the preferential tax regime regarding the small enterprises.

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