It could have answered the concerns of citizens. Instead it bolted.

Yes, Amazon’s departure will modestly hurt the city’s economy. But it’s also a victory against bad economic policy.

In 2018, Amazon nearly doubled its profits, from $5.6bn to $11.2bn. But far from paying the statutory 21% income tax rate, it reported a $129m federal income tax rebate for the year – a tax rate of -1%. “The fine print of Amazon’s income tax disclosure shows that this achievement is partly due to various unspecified ‘tax credits’ as well as a tax break for executive stock options,” according to ITEP.

About the Amazon HQ2:
Man, so many people are getting this wrong. No, Amazon did not pull out of the NYC deal – and a lot of people have done a terrible job trying to explain this

Tell me again why New York was going to give the company nearly $3 billion in tax incentives?