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Friday 22 February 2019

Why didn't Amazon pay federal taxes for the second consecutive year?

Though Amazon’s Queens headquarters were ultimately scuppered it turns out the company is already receiving benefits from the government

Amazon will not be moving to New York after all. After months of public debate, the plans for the technology and e-commerce company to establish a second headquarters in Long Island City were ultimately scuppered last week.

Cities across the US have been attempting to lure Amazon by offering public subsidies in the hopes that the company would bring jobs. And New York was no exception, offering Amazon nearly $3bn in tax incentives. Researchers, activists and union leaders claimed that money could have been better spent.

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from The Guardian https://ift.tt/2E8ixUO

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