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Tag: Sales Tax


Sales Tax Threat Won’t Blunt Amazon Growth: Report

29

Mar 2018

Sales Tax Threat Won’t Blunt Amazon Growth: Report

Shares of Amazon.com (AMZN) tumbled 4% Wednesday on an Axios report that President Donald Trump wants to change the e-tail giant’s tax status and “go after” it on antitrust grounds. The perceived threat, which the White House rebuffed, slashed more than $50 billions off of Amazon’s market valuation. But the pain is probably short-lived, says a prominent Amazon analyst, who maintains a Buy rating with a $1,800 price target. (Amazon shares are up...

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