Billionaire-Impunity

Amazon Selects NYC and Arlington for HQ2—Extracting at Least $4.6 Billion in Subsidies

2018-11-13 00:00:00 +0000 UTC | Importance: 9/10

Amazon announced on November 13, 2018 that it would split its HQ2 project between Long Island City in Queens, New York and Crystal City in Arlington, Virginia (rebranded as “National Landing”). While Amazon claimed the combined subsidies totaled approximately $2.8 billion, analysis by …

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Amazon Pays Zero Federal Income Tax Again on $11.2 Billion Profit—Receives $129 Million Tax Rebate

2018-01-01 00:00:00 +0000 UTC | Importance: 9/10

Amazon paid zero federal income tax for the second consecutive year despite nearly doubling its U.S. profits to $11.2 billion in 2018. Beyond avoiding all federal taxes, Amazon actually received a $129 million tax rebate from the federal government—yielding a negative 1% effective tax rate. This …

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