Amazon’s Hidden Worldwide Subsidies
Amazon, notorious tax-dodger, extracted at least $4.7 billion in subsidies from taxpayers globally. The total amount of tax breaks received by Amazon “could be significantly higher”. Amazon, the $1.4 trillion tech juggernaut and notorious tax-dodger, is not only vying for more consumers’ dollars, it also aggressively seeks taxpayers’ money. The full report by UNI Global Union and Good Jobs First, is entitled Amazon.com's Hidden Worldwide Subsidies.
From Buenos Aires to Hyderabad, the available evidence pulled from public records, investor reports and company statements suggests Amazon has an insatiable appetite for public subsidies. The tax breaks received for opening data centres, warehouses or office complexes that help Amazon gain a market-share advantage are likely much larger. According to the authors of the report “due to poor disclosure practices in most countries, the costs of such deals are hidden: the total is undoubtedly significantly higher.”
Amazon’s Hidden Worldwide Subsidies
http://www.uni-europa.org/news/amazons-hidden-subsidies
