Amazon.com, Inc. (NASDAQ:AMZN)’s Increase In Lobbying Expenses Tops The 2015 List, Followed by Intel (INTC) and Cisco (CSCO)
Amazon.com, Inc. (NASDAQ:AMZN) has increased the amount of money set aside for lobbying federal regulations. In 2015, this company spent $9.07 million in comparison to 2014 when it spent $4.74 million. This marks a 91.4% increase in the amount set aside for lobbying.
The central question expected is, which are the issues that lead to such an increase? As expected, issues related to the use of drones for deliveries and Reform Act was the main culprits. Amazon announced in 2013 that it would introduce drone-delivery service, but the company has stated that the main challenge harboring its efforts is regulation as opposed to technology.
Other issues, which might have influenced the increase in lobbying money are issues related to surface transportation. Last year, Amazon purchased thousands of Amazon-Branded trailer truck, which would be used to transport products between fulfillment stations and sortation centers. The company seems more determined to take control of their fulfillment process. Amazon still works with other trucks, but the new trailer were meant to help increase its shipping capacity.
There are a couple of recurrent themes, which also weighed on the increased expenses. These includes corporate tax reforms, issues related to patent reforms, net neutrality, cloud computing, copyright reforms, cyber-security and music licensing.
There were also new topics including postal reform, high-skilled immigration, and online wine sale. Online wine sale enables customers to order and receive beer, wine, or spirit within one hour. This service is currently available in limited locations.
Amazon definitely had a huge spike in the amount spent on lobbying, but it is not the only company spending heavily on lobbying. The followings are other companies and the amount spent in 2015.
- Alphabet Inc (NASDAQ:GOOGL) – $16.6 million
- Comcast Corporation (NASDAQ:CMCSA) – $15.63 million
- AT&T (NYSE:T) – $14.86 million
- Facebook Inc (NASDAQ:FB) – $9.85 million
- Microsoft Corporation (NASDAQ:MSFT) – 8.49 million
- Apple Inc. (NASDAQ:AAPL) – $4.48 million
- Intel Corporation (NASDAQ:INTC) – $4.55 million
- Cisco Systems, Inc.(NASDAQ:CSCO) – $2.69
Companies are usually mandated to file lobbying records with the House of Representatives; this means that anyone can search to see issues, which relate to lobbying amounts for respective companies.