Tax rules could force Bezos to play active role at Washington Post

WASHINGTON (Reuters) - If tax considerations played a role in Jeff Bezos' $250 million purchase of The Washington Post, he may need to reconsider his hands-off approach if he hopes to offset gains from other ventures with losses at the newspaper.

In announcing the deal on Monday, the 49-year-old multibillionaire founder and chief executive of Seattle-based Amazon.com Inc told Post staff in an open letter: "I won't be leading The Washington Post day-to-day."

Bezos will stay in Seattle where he will focus on his day job as head of the world's largest online retailer. He promised to preserve the paper's journalistic tradition, while driving innovation in a business facing unprecedented challenges as advertising revenue and readership decline.

But tax experts said on Tuesday that playing a limited role at the Post could prevent Bezos from realizing individual income tax benefits that he might be able to claim as a result of owning The Post.

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