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Usually tax deals or tax holidays are offered to entice prospective companies but given Amazon's US tax burden is already nearly zero what else can these cities

by throw2016 8y ago

Usually tax deals or tax holidays are offered to entice prospective companies but given Amazon's US tax burden is already nearly zero what else can these cities offer, free land, protection from unions? Amazon seems unlikely to choose a city randomly, its likely to already have decided which city suits it best in terms of logistics, efficiency, cost and available labour pool so this seems to be an elaborate game to squeeze its preferred city.

greeneggs 8y ago
In 2017 Amazon recorded a $137 million refund for US federal income taxes. However, nationwide it paid $211 million in state corporate income taxes. It also pays property tax and sales tax (on things Amazon itself buys). Reportedly Amazon paid ~$250 million total in taxes to Washington state in 2017. [1] Maryland's "Promoting ext-Raordinary Innovation in Maryland's Economy (PRIME Act)", signed 4/25/2018, provides credits against all these kinds of taxes [2]. [1] https://www.seattletimes.com/business/amazon/amazon-paid-250-million-in-washington-state-and-local-taxes-in-2017-source-says/ https://www.seattletimes.com/business/amazon/amazon-paid-250... [2] http://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=billpage&stab=01&id=sb0877&tab=subject3&ys=2018RS http://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=billpage&...