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Killing the Golden Goose?

Sigma Investment Counselors

May 4, 2018

Seattle is proposing to levy a tax on local employers that make $20 million or more in taxable gross receipts.  Amazon has announced that it is pausing further construction planning of a building to be built in downtown Seattle and is reconsidering plans to occupy a building that is already built, potentially jeopardizing 7,000 new jobs.

On the other hand, 238 metropolitan areas recently proposed a wide range of tax and other incentives in an effort to entice Amazon to build a second corporate headquarters, which could create up to 50,000 new jobs, in their community.  Amazon has narrowed the list to 20 possible sites, with a final decision likely before the end of 2018.

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA

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