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Does anyone know why Google, Amazon, and Apple have all announced large incentive programs recently? Is there something about it being the end of the fiscal yea

Does anyone know why Google, Amazon, and Apple have all announced large incentive programs recently? Is there something about it being the end of the fiscal year? Or are there other possible reasons?

kyrra 8y ago
I think the tax bill from last year helped some with this[0]. Apple announced that they would be bringing back billions of $ from overseas holdings due to changes in the laws, and investing it in the US. Google has been expanding in NYC for a while. Back in February, they bought their existing building for $2 billion[1]. [0] https://www.nytimes.com/2018/01/17/technology/apple-tax-bill-repatriate-cash.html https://www.nytimes.com/2018/01/17/technology/apple-tax-bill... [1] https://nypost.com/2018/02/06/google-to-buy-chelsea-market-building-for-2b/ https://nypost.com/2018/02/06/google-to-buy-chelsea-market-b...
- paul9290 8y ago
  So this is Trump's doing? Did he really help add about 100k high paying tech jobs and within the biggest tech companies on earth?
  - dmode 8y ago
    Google, Apple, Amazon had been hiring like crazy well before Trump came into office. Google and Amazon revenues have gone through the roof in the last decade and they have doubled quadrupled their workforce. This is largely a PR move to respond to Amazon's show. And Amazon itself got started to extract maximum tax incentives from cities. Their HQ2 RFP was announced before the tax bill was passed
  - freehunter 8y ago
    The executive branch doesn't make changes to laws, including tax laws.
  - paul9290 8y ago
    Why is this getting downvoted? I was asking a question?
  - hbosch 8y ago
    Mitch McConnell stated that the tax cuts increased employment. Politifact rates that statement as Half True[0]. In reality, it's fair to say tax cuts created an environment that was conducive to hiring, but also, the levels of hiring have been pretty steady since 2010. That being said, there's even less evidence that this is even Half True in the tech industry. 0. https://www.politifact.com/truth-o-meter/statements/2018/jun/05/mitch-mcconnell/how-strong-have-job-gains-been-tax-bill-passed/ https://www.politifact.com/truth-o-meter/statements/2018/jun... ___ edit: Also, I assume you're being downvoted because your question was phrased as bait whether you meant it to or not.
akhilcacharya 8y ago
My guess is Google realized how many of their employees really, really want to live in NYC for some reason. I don't get it but literally everybody I've talked to wants to work in New York.
- sjg007 8y ago
  If you are a single guy who dates women, NYC is where you want to live demographically. The dating pool is much larger and the female to male ratio is in your favor.

Does anyone know why Google, Amazon, and Apple have all announced large incentive programs recently? Is there something about it being the end of the fiscal year? Or are there other possible reasons?

kyrra 8y ago

I think the tax bill from last year helped some with this[0]. Apple announced that they would be bringing back billions of $ from overseas holdings due to changes in the laws, and investing it in the US. Google has been expanding in NYC for a while. Back in February, they bought their existing building for $2 billion[1]. [0] https://www.nytimes.com/2018/01/17/technology/apple-tax-bill-repatriate-cash.html https://www.nytimes.com/2018/01/17/technology/apple-tax-bill... [1] https://nypost.com/2018/02/06/google-to-buy-chelsea-market-building-for-2b/ https://nypost.com/2018/02/06/google-to-buy-chelsea-market-b...

paul9290 8y ago
So this is Trump's doing? Did he really help add about 100k high paying tech jobs and within the biggest tech companies on earth?
- dmode 8y ago
  Google, Apple, Amazon had been hiring like crazy well before Trump came into office. Google and Amazon revenues have gone through the roof in the last decade and they have doubled quadrupled their workforce. This is largely a PR move to respond to Amazon's show. And Amazon itself got started to extract maximum tax incentives from cities. Their HQ2 RFP was announced before the tax bill was passed
- freehunter 8y ago
  The executive branch doesn't make changes to laws, including tax laws.
- paul9290 8y ago
  Why is this getting downvoted? I was asking a question?
- hbosch 8y ago
  Mitch McConnell stated that the tax cuts increased employment. Politifact rates that statement as Half True[0]. In reality, it's fair to say tax cuts created an environment that was conducive to hiring, but also, the levels of hiring have been pretty steady since 2010. That being said, there's even less evidence that this is even Half True in the tech industry. 0. https://www.politifact.com/truth-o-meter/statements/2018/jun/05/mitch-mcconnell/how-strong-have-job-gains-been-tax-bill-passed/ https://www.politifact.com/truth-o-meter/statements/2018/jun... ___ edit: Also, I assume you're being downvoted because your question was phrased as bait whether you meant it to or not.

akhilcacharya 8y ago

My guess is Google realized how many of their employees really, really want to live in NYC for some reason. I don't get it but literally everybody I've talked to wants to work in New York.

sjg007 8y ago
If you are a single guy who dates women, NYC is where you want to live demographically. The dating pool is much larger and the female to male ratio is in your favor.