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Michael Bloomberg knocks out Amazon's NYC H2Q tax treaty



Amazon buys NYC, VA for HQ2

FBN's Tracee Carrasco on Amazon's decision to share his second headquarters between Long Island City, New York and Crystal City, Virginia.

Billions Michael Bloomberg Bounces Amazon's CEO Jeff Bezos & # 39; tax treaty with New York City to become part of the company's other North American headquarters.

"You read in the paper Amazon opened one of the new two headquarters, or is about to do so, very close here. It's right across the river," said Bloomberg on Tuesday during a 1

5-minute address, according to Politico "But the reason they came here was not the tax evasion they received, which I didn't think they needed."

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E-commerce giant will be awarded $ 3 billion in taxpayers' contributions from the city and The state as an incentive to create Long Island City, which is in the city's neighborhood of Queens, the new home, Amazon said it will invest $ 2.5 billion and create 25,000 jobs in the country's largest city. billion dollars in tax revenue for New York over 20 years.

Bloomberg, who mumbles the presidential election in 2020, served as mayor of New York City for 12 years, his Amazon comments coming as a surprise after the former mayor tax relief for businesses that threatened to leave the city during their three conditions.

The Amazon Agreement was orchestrated by New York Gov. Andrew Cuomo and New York City Mayor Bill de Blasio, two democratic 2020 president hopefuls.

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Mayor de Blasio expressed his astonishment at Bloomberg's position and said in a Tuesday press conference: "Here's a charter member of the 1 percent who's got a lot of its wealth through favorable government policies as a very low tax rate for the rich in terms of what it used to be, and he criticizes an economic development agreement. I find it unusual. "


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