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Global Trade Alert

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United States of America/State of California: The government of California concludes a $35 million tax credit agreement with Microsoft Corporation

Description

On 17 June 2021, the California Governor’s Office of Business and Economic Development (GO-Biz) announced concluding a California Competes Tax Credit Allocation Agreement with Microsoft Corporation. A...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jul 2021

Revocation date

30 Jun 2022

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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