NY state tax break is $48k per Amazon HQ job

Re:NY state tax break is $48k per Amazon HQ job by gorbachev on Wednesday November 14, 2018 @07:51PM (#18455863)

"Please tell me what about this is bad."

A trillion dollar company does not need subsidies.

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Re:NY state tax break is $48k per Amazon HQ job by kodablah on Wednesday November 14, 2018 @07:53PM (#18455884)

It does if you want their business. You made a statement, you didn't say why it was bad.

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Re:NY state tax break is $48k per Amazon HQ job by gorbachev on Wednesday November 14, 2018 @08:11PM (#18456013)

You need to be explained why $1.5B in public assistance to a trillion dollar ($700B+ today it seems) company is bad?

I'll try.

It distorts the competition, ESPECIALLY in the case of Amazon which more or less competes with every retailer everywhere.

It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around.

NYC has better uses for the money.

It doesn't need the goddamn money, because it's one of the most successful companies in the entire world, ever. It can finance its operations by itself with absolutely no problem whatsoever. It's ridiculous they're even asking for public assistance.

This is a race to the bottom. Sports stadium construction incentives are good examples of this.

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Re:NY state tax break is $48k per Amazon HQ job by throwaway5752 on Wednesday November 14, 2018 @09:47PM (#18456470)

"It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around."

Absolutely incorrect. It's been like this for decades, is essentially universal, and this is barely egregious in comparison to past incentive packages. NoVA and NYC weren't even the largest incentive packages offered for HQ2.

https://info.siteselectiongroup.com/blog/top-10-economic-inc...

https://info.siteselectiongroup.com/blog/top-25-economic-inc...

https://info.siteselectiongroup.com/blog/top-economic-incent...

https://info.siteselectiongroup.com/blog/largest-economic-in...

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Re:NY state tax break is $48k per Amazon HQ job by hnmonkey on Wednesday November 14, 2018 @07:57PM (#18455911)

You know, I was going to respond to you by saying that there will always be Amazon business without a new HQ in a place. However, I thought about it and it is certainly possible that they would test new and interesting things in markets around their HQs, potentially providing unforeseen benefits for the residents around them and markets around them. While the whole package deal still seems like a net negative and shady to me, that certainly does fall into a potential (though very not proven) positive category.

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Re:NY state tax break is $48k per Amazon HQ job by _pmf_ on Thursday November 15, 2018 @01:06AM (#18457246)

Queens becoming a playground for social experiments of a billionaire is guaranteed to be good, right?

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Re:NY state tax break is $48k per Amazon HQ job by smsm42 on Thursday November 15, 2018 @12:54AM (#18457184)

They also don't need to locate headquarters in New York. It's a question of negotiated agreement, not need.

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