Apple, Amazon, Facebook, Google and Foxconn among companies taking increasingly large tax breaks in return for the promise of jobs
Giant technology companies in the US, which include some of the world’s most profitable firms, have been pledged at least $9.3bn in state and local subsidies over the last five years – much of it coming from the coffers of cities and states with failing infrastructure, struggling schools and broken budgets.
The analysis by watchdog group Good Jobs First shows that the size of individual handouts appears to be growing. The latest – and largest – award of $4.8bn went to Foxconn, the Taiwanese manufacturer of the iPhone, PlayStation and other electronic goods, for its enormous new plant in Wisconsin.
Continue reading...from US news | The Guardian https://ift.tt/2KAyVmt
0 comments:
Post a Comment