Tag Archives: Tax incentives

#HQ2Scam Hashtag Lifts Off After Cities Reveal $2.1 Billion in Tax Giveaways for Amazon

City councilor among those who doesn’t understand why “a company as rich as Amazon would need nearly $2 billion in public money for its expansion plans at a time when New York desperately needs money for affordable housing, transportation, infrastructure, and education.”

By Julia Conley, staff writer for Common Dreams. Published 11-13-2018

Critics say Amazon has contributed to rising housing costs in Seattle as well as heavy traffic and income inequality. (Photo: Kiewic/Flickr/cc)

While business-friendly politicians applauded Amazon’s decision to establish two new headquarters in New York and just outside Washington DC, local officials, residents, and critics of the “race to the bottom” the $800 billion corporation held in its search for new office locations denounced the move on Tuesday, decrying the effects the new headquarters will likely have on the chosen cities.

After a 14-month-long process in which Amazon pitted cities against one another in a competition to see who would offer the company the most enticing tax incentives and other perks, the neighborhoods of Long Island City in Queens, New York and Crystal City in Arlington, Virginia were named as Amazon’s new second and third homes. Continue reading

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