ANNOUNCEMENT 01 Aug 2012

In August 2012, a US state government announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
Laylan Copelin, "Amazon risking little in tax deal," Austin American-Statesman (July 19, 2012), at http://www.statesman.com/news/business/documents-amazon-risking-little-in-texas-sales-tax/nRqFH/


Inception date: 01 Aug 2012 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2012 the Texas Comptroller extended an incentives package to Amazon.com through the forgiveness of a $269 million assessment that had been made for uncollected sales taxes from 2005 to 2009. In exchange, Amazon agreed to invest $200 million in various new facilities in the state and create 2,500 jobs. 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
As no official source could be obtained, this measure is coded "amber".

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A