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I mean, it's not like NYC didn't give Amazon tax credits for their recent expansions in NYC. For example: https://news.bloombergtax.com/daily-tax-report/amazo
by aetherson 2y ago
I mean, it's not like NYC didn't give Amazon tax credits for their recent expansions in NYC. For example: https://news.bloombergtax.com/daily-tax-report/amazon-gets-124-million-tax-break-for-new-york-warehouse https://news.bloombergtax.com/daily-tax-report/amazon-gets-1...
And it's not like Amazon has brought nearly as many jobs to NYC as they planned to with HQ2.
This isn't necessarily to say that the calculus was wrong here -- New York is perhaps uniquely a place that doesn't really need a huge influx of Amazon jobs. But I think a lot of people misunderstood the HQ2 process as like "this was a unique and rare situation in which a local government applied tax incentives to get a corporation to open a major facility there." It wasn't. That's very routine. What was unique and rare about the HQ2 process was how public it was.
- paxys 2y agoNY != NYC