Bezos May Have Trouble Securing Tax Benefits With WaPo

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Bezos May Have Trouble Securing Tax Benefits With WaPo

by Frank L. Brunetti on August 21, 2013

Amazon.com founder and chief executive Jeff Bezos turned some heads when the

billionaire decided to purchase the Washington Post for a reported $250 million. While it

remains to be seen what direction Bezos will take the newspaper, one thing some experts agree on is that he will need to utilize a hands-on approach with it to make it a viable business once again and reap major tax benefits.

After the announcement, Bezos noted he plans to remain in Seattle, where he continues to oversee many aspects of his online retail giant, meaning he personally won't be working on restructuring WaPo on a day-to-day basis. This, experts told the source, is why tax benefits may elude Bezos.

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Published In: Business Organization Updates, Finance & Banking Updates, Labor & Employment Updates, Commercial Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Frank Brunetti, Scarinci Hollenbeck | Attorney Advertising

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