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Data center tax breaks: Should Big Tech get multi-million dollar tax exemptions?
CNBC Television· 2025-06-20 12:09
The mad rush to build data centers is sparking a massive boom in tax breaks. And this is because legislators across the country doing out billions in sales tax exemptions to try to attract some very big tech companies. While there's no question the tax incentives are luring those businesses, there's a big debate over whether it's a fair trade.Pipa Stevens is here with more. Is it a fair trade. Who's winning. Who's losing.Well, Andrew, so we found that in just the past five years, 16 states have handed over ...
X @Investopedia
Investopedia· 2025-06-18 14:30
Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states have no income tax at all. https://t.co/2YWLPkx29w ...
Amazon suspends Minnesota data center as lawmakers plan to reduce Big Tech tax breaks
TechXplore· 2025-05-23 14:01
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Amazon says it has suspended plans for a massive data center in Becker, Minnesota, an announcement that comes after state lawmakers and Minnesota Gov. Tim Walz said they will reduce tax breaks for these projects. The Seattle-based tech giant said in a statement that it moved ahead with the pr ...