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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 1,162.00+0.2%Dec 8 8:10 PM ESTNews

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From: FUBHO11/28/2017 2:07:19 PM
2 Recommendations

Recommended By
Gottfried
J.F. Sebastian

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A look at some of the plans submitted by 238 municipalities in Amazon's HQ2 contest, offering big tax breaks, free land, and special access to public resources — A review of some of the bids to woo Amazon's HQ2 to other cities and states shows it's not all about the money.


More: Fortune, CityLab, Business Insider, Axios, and Slate



Example: Chicago has offered to let Amazon pocket $1.32 billion in income taxes paid by its own workers. This is truly perverse. Called a personal income-tax diversion, the workers must still pay the full taxes, but instead of the state getting the money to use for schools, roads or whatever, Amazon would get to keep it all instead. (WTF!!!)


The result is that workers are, in effect, paying taxes to their boss,” says a report on the practice from Good Jobs First, a think tank critical of many corporate subsidies.
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