ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
In 2014 in order to retain JP Morgan Chase the New Jersey state legislature granted to the firm $22,483,500 in tax credits per year for 10 years. JP Morgan Chase qualified as a "mega project" and was eligible for an award of $5,000 per employee, plus bonuses.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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