By Olivia LaVecchia April 29, 2015
The company is good at getting money out of government, but it doesn’t really need the help. And local economies don’t really need the kind of development it delivers.
For many years, we at Good Jobs First have criticized GASB—the Governmental Accounting Standards Board, or “GAZ-bee”— for failing to require state and local governments to disclose economic development subsidy spending in a uniform way.
It appears that’s finally about to change, and if it does, it will be hard to overstate the significance of the news.
(A follow-up to a story on sales tax exemption for Amazon in South Carolina from May 3, 2011, You can find everything on Amazon, except sales tax)
Subsidy deals normally involve reductions in a company’s tax bill, but Amazon recently abandoned a distribution center project in South Carolina because the state decided not to make it easier for the online retailer’s custo