Bloomberg Law
March 17, 2017, 9:02 PM

Amazon Close to Breaking Wal-Mart Record for Subsidies

Michael J. Bologna
Michael J. Bologna
Staff Correspondent

Online retail giant Inc. is about to set a record that few in the tax policy arena thought would ever be achieved.

Amazon, the national leader in e-commerce sales, is expected to vault past a record for state and local tax subsidies held for many years by Wal-Mart Stores Inc., the undisputed king of brick-and-mortar retail sales.

An exact calculation of the total level of state and local subsidies for either company would be impossible due to the lack of a central economic development data source and inconsistencies in disclosure protocols among jurisdictions. However, a conservative estimate by the ...

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