The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation

Author: Greg LeRoy
4.7

Comments

by pchristensen   2018-11-17
[disclosure - I work at Amazon, but have no internal information whatsoever.]

This is over 10 years, so ~$5k/job/yr. For reference, economic development incentives for corporate relocations are commonly $20k-75k per job, and often for jobs paying much less than Amazon is expected to pay HQ2.5 employees. Also, I believe that Amazon will receive tax rebates based on the number of jobs created over time, which is better than many packages that don't have any accountability, limits, or clawbacks.

I don't think economic development incentives are a wise use of funds, but this one is notably only for the scale and publicity. People are so mad because this the first time most people have heard of the practice.

For more information (and many much worse examples), see the book "The Great American Jobs Scam" - https://www.amazon.com/Great-American-Jobs-Scam-Corporate/dp...