Amazon's $3.7 billion dollar taxpayer gift
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https://www.goodjobsfirst.org/news/releases/amazons-37-billion-taxpayer-giftContacts: Kasia Tarczynska|kasia@goodjobsfirst.orgGreg LeRoy | 202-232-4258 | goodjobs@goodjobsfirst.org Record profits don’t stop the giving .Amazon.com crosses $3.7 billion threshold in taxpayer subsidies, Good Jobs First finds. Washington, DC — State and local governments gave Amazon.com subsidies totaling more than $3.7 billion as it grew to become one of the world's largest companies, according to an update released today by Good Jobs First, the national watchdog group on corporate tax breaks. .The figure doesn’t tell the whole story, as the company has gotten increasingly good at hiding the full costs of its subsidy packages. At the same time, some of the communities giving away big packages have had to make budget cuts or raise taxes on working families and small businesses. .Most of the deals are for Amazon’s rapidly expanding retail business: warehouses large and small. But taxpayers have been subsidizing every aspect of the company’s sprawling operations: offices including HQ2, data centers, Whole Foods grocery stores, Zappos warehouses, the company’s movie and television productions—even a fashion studio in New York City. .The list includes direct cash assistance, free land, reduced electricity costs and hundreds of millions in income, sales and property tax breaks. .
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