23 ms·
> The largest portion of assistance, about $46 billion, comes from loans, credit lines and other assistance from state lenders, the Journal’s review showed. The
by lettergram 7y ago
> The largest portion of assistance, about $46 billion, comes from loans, credit lines and other assistance from state lenders, the Journal’s review showed. The company saved as much as $25 billion in taxes between 2008 and 2018 due to state incentives to promote the tech sector. Among other assistance, it enjoyed $1.6 billion in grants and $2 billion in land discounts.
My only statement is that I wouldn’t call tax subsidies government support. Support implies giving something to the company. Bailouts are arguably support, not taxing a key industry is not exactly support.
- chishaku 7y ago> Support implies giving something to the company. I can understand that interpretation. From a public policy perspective though, tax subsidies are explicit support. Take an example that came up a lot in these forums, Amazon's HQ2 deal with NYC and NY state. Tax incentives were the bulk of the deal.