A task force that the City Council convened to come up with the head-tax proposal clearly had Amazon in its sights. The group's report last month didn't mention the company by name but noted that using net income or profit as a way to gauge whether a company had an ability to pay the tax would probably fall short, since "a rapidly growing business may choose to reinvest large amounts of revenue and report a loss, even though the business may be doing very well indeed."

Source: Los Angeles Times May 02, 2018 21:56 UTC