NY offered Amazon nearly $1 billion more than previously known for HQ2 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

New York offered Amazon nearly $1 billion more in tax credits than previously known for its HQ2 deal

Last February, Amazon called off its HQ2 deal in the Queens borough of New York City after tension with lawmakers and politicians whorecently obtained corporate documents and reported that New York officials initially offered Amazon $800 million more in tax credits than its 2018 signed agreement.

In 2017, the tech giant's HQ2 contest announcement brought in more than 200 proposals from city officials eager to offer billions of dollars in tax breaks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For comparison, what other tax credits have NY companies received?

Too bad AOC blew it for her constituents, they could have had great work opportunities!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines