Amazon Close to Breaking Wal-Mart Record for Subsidies

March 20, 2017

Link to Full Story in Bloomberg Law

“Online retail giant Inc. is about to set a record that few in the tax policy arena thought would ever be achieved.

Amazon, the national leader in e-commerce sales, is expected to vault past a record for state and local tax subsidies held for many years by Wal-Mart Stores Inc., the undisputed king of brick-and-mortar retail sales.

An exact calculation of the total level of state and local subsidies for either company would be impossible due to the lack of a central economic development data source and inconsistencies in disclosure protocols among jurisdictions. However, a conservative estimate by the progressive economic policy research and advocacy group Good Jobs First suggests Wal-Mart has captured more than $1.2 billion in tax abatements, credits, exemptions, infrastructure assistance and financing deals during four decades of rapid expansion that has left the company with 4,672 retail locations across the country.”