Re:Amazon to Build Second HQ in North America
by mhb on Thursday September 07, 2017 @08:57AM
(#15191380)
Everyone needs to pay taxes
Why is this different than New Hampshire competing with other states by having no income tax?
Re:Amazon to Build Second HQ in North America
by mywittyname on Thursday September 07, 2017 @10:54AM
(#15192394)
Honestly, because it's a race to the bottom. On top of that, there have been many instances of companies negotiating massive tax breaks only to relocate again after a few years.
Those tax dollars are better spent making the city more attractive to people and improving the universities. This will provide for more organic growth through startups founded by people anchored to the city by their social network.
Re:Amazon to Build Second HQ in North America
by mhb on Thursday September 07, 2017 @02:11PM
(#15194342)
I could see why a city wouldn't want to pay real money and then have the company move, but what's the problem if they agreed not to tax Amazon and then Amazon relocates?
Re:Amazon to Build Second HQ in North America
by bnjms on Thursday September 07, 2017 @02:20PM
(#15194429)
The key here is that the incentives appear to be for a certain company and are not fairly applicable to all companies. Giving those with the best economy of scale yet another advantage. People are often against unfair advantage.
That said, screw these guys. I'll make sure to have my voice heard if my city tries to offer them tax rebates to come here. Everyone needs to pay taxes, especially gigantic corporations. I hate that companies like this even have the nerve to expect these sorts of breaks.