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Aren’t the tax breaks often tied directly to the number of jobs? I believe that’s how the incentive structure for Amazon’s new NoVA headquarters works for insta
by javagram 7y ago
Aren’t the tax breaks often tied directly to the number of jobs? I believe that’s how the incentive structure for Amazon’s new NoVA headquarters works for instance.
If the company doesn’t create the job, the tax break is reduced by a certain percentage per job.
- dragonwriter 7y ago> Aren’t the tax breaks often tied directly to the number of jobs? Usually, no, though the public justification for the tax breaks is usually in terms of expected jobs.
- WillPostForFood 7y agoThis is false, there are almost always specific job number requirements that must be met to be eligible for tax credits or the credits are tightly tied to hiring. The Joliet, IL Amazon warehouse incentive deal is a typical example. Amazon can credit employee withholding taxes against corporate income tax. If there are no employees hired, then there is no withholding tax, and no tax credit.