Amazon.com Inc cut ties with Washington’s top lobbying firms and brought on new advisers following passage of the tax overhaul bill last year and in the face of new challenges in the age of US President Donald Trump.
The shakeup occurred on Friday last week — a week before Trump briefly sent Amazon’s stock tumbling with a Twitter attack on the world’s largest online retailer.
Trump charged that Amazon does not pay enough in state and local sales taxes, hurts retailers and gets an unfair edge on the back of the US Postal Service.
Amazon ended its relationship with Akin Gump Strauss Hauer & Feld LLP, the law firm that attracts more lobbying revenue than any other company, and Squire Patton Boggs, according to a person familiar with the decisions.
At the latter firm, Amazon’s lobbyists included former US Senate majority leader Trent Lott.
In their place, Amazon hired Paul Brathwaite of Federal Street Strategies LLC and Josh Holly of Holly Strategies Inc, the person said.
Both formerly worked as outside lobbyists for Airbnb Inc and Oracle Corp at the defunct Podesta Group, which was once dubbed the “King of K Street,” before becoming entangled in special counsel Robert Mueller’s investigation into Russian meddling in the 2016 election.
Amazon declined to comment.
For years, Amazon has been working to steer its image from that of a cutthroat Internet giant wreaking havoc on Main Street to that of a job-creation machine that invests billions in new warehouses and offices, hires people by the thousands and helps small businesses grow by letting them sell products on its popular Web store.
However, the company has in recent months faced a shifting landscape in Washington. Trump has aimed repeated Twitter barbs at Amazon chief executive officer Jeff Bezos, who also owns the Washington Post, which has been critical of his administration.
Attacks by the president have coincided with calls for scrutiny by outside groups that say Amazon has gotten too big and should be investigated for anti-competitive practices.
Both Akin Gump, which began working with Amazon in 2014, and Patton Boggs, which the company famously hired in 2013 at the beginning of a surge in lobbying, had been focusing on tax matters for the company, according to their most recent federal lobbying disclosures.
Driven by the need to tackle regulatory and legislative hurdles to its ever-expanding business lines, Amazon has increased its lobbying spending more than 400 percent in the past five years, shelling out nearly US $13 million last year, according to the disclosures.
It lobbied more government agencies than any other tech company, the records show, making its presence felt from Congress and the White House to NASA, as it outspent all of its peers except for Google.
While for years, Amazon focused on a narrow set of issues, such as state sales taxes and copyrights, the online retail giant now deploys lobbyists broadly across Washington as it seeks to begin drone delivery of goods, sell cloud services to the US Department of Defense and make acquisitions.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to