Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Amazon Spent $3.2 Million in Second Quarter on Washington Lobbying Effort

In the second quarter of this year, Amazon paid lobbying megafirm Akin, Gump, Strauss, Hauer & Feld $80,000 to lobby, primarily focused on the Marketplace Fairness Act - a bill that would allow state government to collect sales tax from online retailers.

Reuters

Updated:July 21, 2017, 10:21 AM IST
facebookTwitterskypewhatsapp
Amazon Spent $3.2 Million in Second Quarter on Washington Lobbying Effort
France, Germany, Italy, Spain Seek Tax on Digital Giants' Revenues
Loading...

Washington: Amazon, facing potential criticism of its plan to buy Whole Foods Markets, continued its multi-million lobbying effort - shelling out $3.2 million in the second quarter of this year - an increase from the $2.9 million spent in the first three months.

Amazon has long had a presence in Washington, lobbying on a broad range of topics ranging from taxes, immigration, trade and mobile payments.

But their decision, announced in June, to buy premium grocer Whole Foods for $13.7 billion roiled the grocery industry and has sparked some opposition on Capitol Hill and among unions and other Amazon critics.

That said, most antitrust experts expect the Federal Trade Commission to approve the planned merger.

Complicating the company's status in the nation's capital, Amazon founder Jeff Bezos bought The Washington Post - a newspaper that has drawn the public ire of Donald Trump.

Candidate Trump famously said in May 2016 that Amazon has "a huge antitrust problem."

Amazon is on pace to spend more than $12 million this year, if they keep up their lobbying efforts at the same rate. In 2016, the online retailer spent $11 million on lobbying in Washington.

The company's lobbying effort more than doubled in 2015 compared with prior years, spending $9 million that year compared with $4.7 million the year before.

Amazon added a new firm to the lobbying army in the second quarter of 2017, hiring McGuireWoods Consulting to handle work on drones, among other matters.

In addition to consultants, Amazon also employs in-house lobbyists. Their latest filing lists some 15 employees who lobby on behalf of the company on a long list of topics and issues ranging from drone policy to trade regulations and immigration to food stamp programs.

Amazon also employs firms to lobby on its behalf on a range of topics. In the second quarter of this year, Amazon paid lobbying megafirm Akin, Gump, Strauss, Hauer & Feld $80,000 to lobby, primarily focused on the Marketplace Fairness Act - a bill that would allow state government to collect sales tax from online retailers.

Amazon Prime Air, a subsidiary of the company, also paid Akin Gump to lobby on drone policy. They also filed a termination, indicating they won't be doing work for the subsidiary in future.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Ananya Chakraborty
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 59.25 5.24
Indiabulls Hsg 467.85 3.84
Reliance 1,275.85 2.33
HDFC Bank 2,162.70 -0.52
ICICI Bank 395.40 -0.93
Company Price Change %Gain
Yes Bank 59.25 5.24
ICICI Bank 395.75 -0.85
Indiabulls Hsg 467.90 4.00
Bajaj Finance 3,175.35 1.85
Reliance 1,275.95 2.36
Top Gainers
Company Price Change %Gain
Zee Entertain 351.15 6.75
Vedanta 137.40 6.47
UPL 547.25 5.64
Yes Bank 59.25 5.24
BPCL 329.35 5.22
Company Price Change %Gain
Vedanta 137.50 6.55
Yes Bank 59.25 5.24
ONGC 122.30 4.66
M&M 533.10 4.09
Coal India 188.05 4.07
Top Losers
Company Price Change %Gain
IndusInd Bank 1,310.50 -1.88
ITC 236.10 -1.65
ICICI Bank 395.40 -0.93
Eicher Motors 15,383.45 -0.90
HUL 1,860.00 -0.65
Company Price Change %Gain
IndusInd Bank 1,310.35 -1.90
ITC 236.00 -1.71
ICICI Bank 395.75 -0.85
Power Grid Corp 201.40 -0.69
HUL 1,859.35 -0.69

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results