HFA Icon

Amazon Down As Congress Looks At New Online Tax

HFA Padded
HFA Staff
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

Amazon.com, Inc. (NASDAQ:AMZN) shares were trading down by more than 1% on Friday, the same day it was revealed that Congress was looking at a bill to institute an online sales tax. For the full week, Amazon shares are up by just over 1.5%, and the year so far sees the firm's shares up more than 6%.

Amazon Down As Congress Looks At New Online Tax

The new bill, which has so far garnered bipartisan support, would allow states collect taxes from out of state retailers who sell their wares over the internet. The deal would see prices on sites...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.