Amazon Got Tax Breaks Worth At Least $4.7B Over Last Decade

Amazon.com Inc AMZN scooped at least $4.7 billion in tax breaks globally during the past ten years as per watchdog group and a global labor federation, the Vice reports.
The tax breaks pertained to its warehouses, data centers, offices, call centers, and film production projects.
The vast majority of these tax breaks worth $4.1 billion pertained to its U.S. projects.
For the first time, Amazon won subsidies beyond U.S. borders.
They identified 407 Amazon facilities in 13 countries “where evidence exists that Amazon has received public monies for its projects” pending disclosure.
There was evidence that Amazon won subsidies from governments including Argentina, Bahrain, Brazil, Canada, Chile, China, France, India, Mexico, New Zealand, Poland, South Africa, Spain, and the U.K.
The report alleged Amazon was secretively misusing public resources despite being fully capable of self-funding them.
The report further accused Amazon of displacing smaller companies as governments often use tax breaks to lure big companies like Amazon to solve unemployment problems.
Amazon disowned the report citing that $530 billion were direct investments and $500 billion indirect value-added.
Price Action: AMZN shares traded lower by 0.03% at $3,179 in the premarket on the last check Friday.