In a tweet on July 24, President Donald Trump said Amazon has a “no-tax monopoly.”
Trump said Amazon has a “no-tax monopoly.”
Amazon is an industry giant, but it does not exert enough market control to be considered a monopoly, and no U.S. tribunal has ever deemed it as such.
While Amazon takes advantage of tax breaks and loopholes, it pays federal corporate tax, and charges sales taxes in 46 U.S. jurisdictions. It also supports federal legislation that would require other online retailers to pay state tax on Internet sales.
Trump’s statement is inaccurate and ridiculous. We rate it Pants on Fire!
To read the full fact check, go to politifact.com.