Amazon's tax regime threatened by Donald Trump

Amazon was down on Wednesday on Wall Street after press reports that Donald Trump is increasingly critical of the e-commerce giant and could attack his tax system.

The title loses 3.22% to 1448.92 dollars after two and a half hours of trading in volumes that already exceed 1.7 times their daily average of the last three months. The stock dropped to 7.4% early in the session to fall to $ 1,386.17.

Amazon is by far the largest contributor to the decline in the Nasdaq Composite Index, which then gains 0.29%. Its decline translates into a loss of market capitalization of more than 20 billion dollars (16 billion euros).

According to the news site Axios, Donald Trump has evoked before his entourage a change in the tax system that benefits Amazon, arguing that the rise of the group led by Jeff Bezos threatens both traditional small businesses and shopping centers.

"Today's news is fueling the fire on the theme of a possible tightening of Amazon regulation, which is putting the headline under pressure," commented Daniel Ives, GBH analyst. Insights.

"After Facebook and regulatory concerns, seeing Trump target Bezos and Amazon over the next few months is the last thing high-tech investors are already nervous about," he added.

No specific policy decision regarding Amazon is being considered for now, but the Trump administration is continually studying different options, it was simply stated at the White House.

The US president has already publicly attacked Amazon and Jeff Bezos,Washington Post , one of the most influential dailies in the United States.

In December, he had estimated that the US Postal Service, the US Post, should charge "much more expensive" deliveries Amazon packages.

Even incorporating Wednesday's decline, the Amazon stock has risen more than 23 percent since the beginning of the year and 68.5 percent year-on-year.