The Battle for Amazon's HQ2 Heats Up, But is Winning Worth it?
Amazon announces the 20 cities that are still in the running for its second headquarters. The tech giant promises an economic boost of $5 billion to the winning city, but when you factor in the tax incentives the cities are offering Amazon, is it actually worth it?
Todd Bishop, Co-Founder and Editor at Geekwire, explains why the fight to win HQ2 could hurt the mid-size cities still in the running.
When asked where he believes Amazon will set up shop, Bishop points to the Washington, D.C. area and the New York City area. Both metro centers have at least two cities in the running. Bishop also notes that Toronto, the only non-U.S. city on the list, has a strong chance as well.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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