President Donald Trump is “obsessed” with Amazon, a source told the news website Axios. The president may target the retail giant because he thinks Amazon has gotten a free ride from taxpayers, according to the report published on Wednesday. Compared to traditional brick-and-mortar retailers, Amazon pays lower sales taxes and receives other financial incentives from states and cities where it is located. The undetermined HQ2 city is likely to provide similar economic incentives. President Donald Trump is “obsessed” with Amazon, a source told the news website Axios, and is considering going after the online retail giant using legal means. The president believes that Amazon has contributed to the downfall of brick-and-mortar retailers, according to Axios reporter Jonathan Swan. Trump also reportedly thinks the company receives an unfair advantage due to tax breaks from local and state governments. Amazon did not immediately respond to Business Insider’s request for comment on the matter. There’s evidence to support Trump’s claims regarding the tax breaks Amazon receives. When Amazon opens and operates offices, warehouses, data centers, or Whole Foods locations in cities across the US, it often accepts economic incentives. From 2005 to 2014, the company received at least $613 million in local government… Read full this story
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