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3) why is this left to Amazon or am I misunderstanding how this is managed?
by rorykoehler 8y ago
3) why is this left to Amazon or am I misunderstanding how this is managed?
- longerthoughts 8y agoThey're using a Payment in Lieu of Tax (PILOT) program [0]. I've been trying to understand why these programs exist for corporations but having trouble finding definitive answers. My hunch is that it's a marketing trick to help people stomach the tax breaks and go "oh, well at least they're building a school". Possible that it also allows for legal negotiation of terms like amount and payment schedule that can't be applied directly to property taxes. [0] https://blog.aboutamazon.com/company-news/amazon-selects-new-york-city-and-northern-virginia-for-new-headquarters https://blog.aboutamazon.com/company-news/amazon-selects-new...
- rorykoehler 8y agoSo basically a miniscule one time payment that would easily and continuously be covered by taxation.