SAMURAI ANTI-TRUST POLICE DESCEND ON "CROOKED" AMAZON
Japanese anti-trust police have raided the offices of Amazon Japan after the company was apparently caught violating Japanese anti-trust laws AGAIN!!!
It is believed that the global mega-corp, which is already well-known for using its multinational status to dodge business taxes, was using its monopoly power to demand suppliers pay a percentage of a product’s selling price as a "collaboration fee."
As reported by the Financial Times:
"The Japan Fair Trade Commission said Thursday it has raided the Japan office of the US online retailer over allegations the company asked its vendors to shoulder part of the costs for offering their products at a discount on its e-commerce site.
In a statement, Amazon said it was "fully cooperating with the authorities" but it declined to provide any further details.
This is the second time Amazon has been investigated by Japan’s top competition regulator for alleged anti-trust violation.
The FTC last raided Amazon's Japan office in the summer of 2016 before ending its probe a year later after the US technology group revised its contracts requiring its vendors to offer their products at the same price or lower than offerings on rival e-commerce sites."
It is high time that these tech giants were brought to book for their multiple abuses of their de facto monopoly status, so let the Amazon fear the Samurai!
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