Monday, November 27, 2017

This City Hall, brought to you by Amazon | The Seattle Times

This City Hall, brought to you by Amazon | The Seattle Times
"...Example: Chicago has offered to let Amazon pocket $1.32 billion in income taxes paid by its own workers. 
This is truly perverse. 
Called a personal income-tax diversion, the workers must still pay the full taxes, but instead of the state getting the money to use for schools, roads or whatever, Amazon would get to keep it all instead.
See the source image“The result is that workers are, in effect, paying taxes to their boss,” says a report on the practice from Good Jobs First, a think tank critical of many corporate subsidies.
...But the most far-reaching offer is from Fresno, California. 
That city of half a million isn’t offering any tax breaks. 
Instead it has a novel plan to give Amazon special authority over how the company’s taxes are spent.
Fresno promises to funnel 85 percent of all taxes and fees generated by Amazon into a special fund. That money would be overseen by a board, half made up of Amazon officers, half from the city. They’re supposed to spend the money on housing, roads and parks in and around Amazon.
The proposal shows a park with a sign: “This park brought to you by Amazon,” with the company’s smiling arrow corporate logo..."
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