Tax breaks

The e-commerce giant does not plan to pay the IRS anything this tax season. Yet that’s not largely because of President Donald Trump’s tax overhaul.

Amazon.com Inc. walked away from billions of dollars of public subsidies when it announced Thursday it was abandoning plans for an office complex in New York. But it can still qualify for federal tax breaks intended to help distressed communities by building a new Virginia data center in America’s wealthiest county.

Florida’s Chief Financial Officer was quick to jump on Twitter Thursday, after Amazon.com Inc. scrapped its plan for a headquarters in New York City, reminding the company about the state’s tax policies and good weather.

Women with at least four children will be exempt from paying personal-income tax.

City Council members thrashed the retailer for its resistance to unions, working conditions at warehouses and its founder’s wealth.

There’s no lack of optimism among officials who hope to jump-start local economies, thanks to a provision in the Tax Cuts and Jobs Act.

One of the biggest opportunities created by last year’s tax law sits in a hurricane-ravaged island desperate for a recovery.

Senate Finance Committee Chairman Orrin Hatch questioned President Donald Trump’s call to end a tax break for electric cars made by General Motors Co. and others following the company’s announcement that it would lay off workers and close plants.

For some hedge fund investors, President Donald Trump’s tax overhaul adds insult to the injury from poor investment performance.

A ballot measure approved by state voters this week provides a break on property taxes for residences in flood-prone areas.