Governments Offer Amazon Millions in Tax Breaks it Doesn't Need

When Amazon expands, state and local governments practically line up to offer to pay the company to move.
June 19, 2013
 

When Amazon expands, like it wants to in Florida, state and local governments practically line up to offer to pay the company to move.

Virginia officials approved $4.4 million in taxpayer subsidies so Amazon could build two warehouses in the state. California reached a deal where the online company was free from sales taxes for a year, saving about $200 million. Texas officials forgave $269 million in back sales taxes to get a new warehouse. New Jersey officials put up millions more in breaks.

All the deals were cut in the past three years. All for a company that had $61.1 billion in sales last year.

Join the Discussion

After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.

More from Finance