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> Amazon pays $0 in federal tax Citation to actual financial statements needed. Their most recent 10-K indicates they paid $1.2B in total taxes. > demanded $
by vonmoltke 8y ago
> Amazon pays $0 in federal tax
Citation to actual financial statements needed. Their most recent 10-K indicates they paid $1.2B in total taxes.
> demanded $3 billion in local tax breaks
No, they didn't. At least $2.5B of that is on the table for any company that wants to build and office for 25,000 people in LIC.
> offered very little enforceable things in return
Not sure what you mean here. The majority of the tax breaks are directly tied to headcount or construction. No hiring/construction == no credits.
- jakelazaroff 8y agoAmazon paying $0 in 2018 federal taxes was widely reported. Here's one citation: https://www.theguardian.com/technology/2019/feb/15/amazon-tax-bill-2018-no-taxes-despite-billions-profit https://www.theguardian.com/technology/2019/feb/15/amazon-ta...
- vonmoltke 8y agoThat article is citing the same ITEP report that was posted here, a report which does not cite its sources. I'm not trusting ITEP to be any more unbiased than the Tax Foundation.
- deleted 8y ago[deleted]
- CPLX 8y ago> At least $2.5B of that is on the table for any company that wants to build and office for 25,000 people in LIC. Right. Leaving $500MM in cold hard taxpayer dollars to build a building for the richest guy in the world so he could promptly compete with local businesses. Which, to be clear, was not something a lot of those taxpayers were happy about.
- vonmoltke 8y ago$500MM is not $3B, and you don't get to lie about the amount just because you think its still a big number.
- deleted 8y ago[deleted]