https://www.livetradingnews.com/amazons-nasdaqamzn-jeff-bezos-is-an-unregistered-lobbyist-80257.html
Saturday, US President Donald Trump Tweeted a claim that the “Fake Washington Post” serves as a lobbyist for Amazon (NASDAQ:AMZN), and should be made to register like other lobbyists must do.
Further, he called on the online retail giant to “pay real costs (and taxes) now.”
The Tweets were posted early Saturday, with the President Tweeting 1st that “while we are on the subject, it is reported that the US Post Office will lose $1.50 on average for each package it delivers for Amazon. That amounts to Billions of Dollars. The Failing NY Times reports that “the size of the company’s lobbying staff has ballooned.”
He continued that “does not include the Fake Washington Post, which is used as a ‘lobbyist’ and should so REGISTER. If the PO ‘increased its parcel rates, Amazon’s shipping costs would rise by $2.6 Billion.’ This Post Office scam must stop. Amazon must pay real costs (and taxes) now!”
The Washington Post (WP), which frequently criticizes the president, is owned by Amazon founder and CEO Jeff Bezos, who was advised to by the newspaper for $250-M in Y 2013.
Amazon has cut ties with Washington’s biggest lobbying firm and brought on new advisors, following last year’s tax overhaul bill and after President Trump sent the company’s stock falling by attacking it on Twitter, that fall resulted in a $40-B water fall.
According to an analysis from Citigroup last year, parcels would cost $1.46 each more to deliver, if costs were fairly allocated.
Large shippers, such as Amazon, are able to drop presorted packages at local Postal Service depots, from where they are delivered at the lower prices.
Amazon’s high volumes and warehouses located near such depots allows the multibillion dollar company to enjoy lower shipping rates.
Stay tuned…
Have a Happy Easter.