How Amazon paid zero in taxes on billions of
In 2017, Amazon reported $ 5.6 billion of the US. the profit and not pay a dime of federal taxes. It is also still a $789 million windfall from Asset of the new tax laws. #Tucker
What is good for Amazon may not be good for the cities are fighting to outdo each other in a bid for its expansion.
Different cities are fiercely competing to woo Amazon for $5 billion of second headquarters, with millions in tax benefits. However, the local residents and activists on the right and left are pushing back against the tech behemoth.
In places like Atlanta, Pittsburgh, Pa. and Washington, D. C. the local people are questioning the value of the subsidy of a tech company that has more than $21 million in profit per day during the last quarter of 2017.
RANDOM, TERRIFYING LAUGH FROM AMAZON’S ALEXA CRAWLS USERS
The Anti-Amazon posters to distribute! #NoHQ2 #Amazon pic.twitter.com/wdt3VxbCAt
— Atlanta At Amazon (@NoNewHQ), 23 February 2018
A group of activists in Atlanta to set up a website against the application of Amazon in the headquarters of the Georgia capital, the calling of the whole process is akin to “a televised Hunger Games death-match.” The anonymous group also designed flyers, which are placed in and around the city.
In D. C., the Fair Budget Coalition along with the local socialist activists to start ObviouslyNotDC.com that suggests that Amazon CEO Jeff Bezos is a value of more than $120 billion, bemoans the negative impact that 50,000 new Amazon employees would have on the district’s already-suffering infrastructure and calls attention to the city’s housing affordability crisis.
Unique Opportunity, a conservative advocacy group for young people with ties to the Koch brothers, has launched a digital ad campaign with a video that compares Amazon’s looking for a second head office yup, “The Hunger Games.”
In Maryland, which has proposed $3 billion in tax incentives for Amazon, Democratic State Senator Rich Madaleno told Bloomberg that he opposes the pay of the company to build up in his country: “You have a company that can probably from the $5 billion without blinking an eye.”
YOUTUBE LINK TO WIKIPEDIA TO FIGHT CONSPIRACY THEORIES
Amazon CEO and founder Jeff Bezos, world’s richest man, is shown above.
At a meeting in Pittsburgh last month to discuss the possible consequences of Amazon to move more than 100 residents chanted “Whose city? Our city!” and said that Amazon would accelerate the gentrification that is already pushing old residents out of the city.
“There is a battle that is already underway in Pittsburgh between the government supports companies such as the Pittsburgh Penguins and Uber and Google and all the other businesses in the city, and the people who lived here so long that no longer can afford to live in Pittsburgh or even in the region of Pittsburgh,” Carl Redwood, adjunct professor at the University of Pittsburgh, said. “If Amazon comes here, the speed of the fight and it will not accelerate, it is necessary in our favor.”
In New Jersey, where Newark is the court of Amazon, Gov. Phil Murphy has ordered an audit of all tax subsidy programs. His predecessor, Chris Christie, put together a $7 billion tax-break package for Amazon.
A petition launched by urbanist Richard Florida and other academics call for the finalists to have a “mututal non-aggresion pact” on fiscal incentives has garnered more than 15,000 signatures.
Christopher Carbone is a reporter for FoxNews.com. Follow him on Twitter @christocarbone.