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Amazon to receive $1 billion in tax breaks in US for new data centers


Officials in a remote northeastern Oregon county have voted to give tax breaks worth an estimated $1 billion to Amazon for five more data centers there.

Wednesday’s unanimous vote by Port of Morrow’s five commissioners was the last step in securing the enterprise zone incentives, The Oregonian/OregonLive reported. Companies in the state can receive property tax exemptions through local enterprise zones.

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Local officials hope the incentives will bring $12 billion in new Amazon spending in their county along the Columbia River about 160 miles (257 kilometers) from Portland.

Amazon already has four giant data centers in Morrow County and several hundred local jobs tied to its operations. But its growth has produced contentious debate over how the Seattle company secured its incentives and an ongoing probe over possible self-dealing by some people awarding its tax breaks.

The state is investigating potential conflicts of interest among port officials and a former county commissioner who own Windwave Communications, a company that provides fiber-optic service to Amazon’s local data centers.

Amazon and Windwave haven’t responded to requests from the newspaper for information about the value of the two companies’ contracts.

Those two port commissioners, Jerry Healy and Marv Padberg, in an April letter to the state ethics commission said their company does have a deal to provide most of the fiber-optic service to one new Amazon data center. But they said they only have a “potential” conflict of interest in voting on incentives for the other four facilities.

Three other public bodies in Morrow County previously gave their approval to the latest agreement, each in votes with little public discussion. The incentives exempt Amazon from paying nearly three-quarters of the property taxes other businesses pay.

But Amazon is Morrow County’s largest taxpayer. Its data centers account for a third of property tax revenue, with payments of $26 million in 2021, according to the company.

Amazon declined to make any of its local managers available to the newspaper for comment on its data center operations.

“We’ve been an active member of eastern Oregon communities since 2011, investing more than $15.6 billion while supporting thousands of local jobs,” Amazon said in a written statement after Wednesday’s vote.

David Sykes, chairman of the Morrow County commission, told the newspaper he sees Amazon fitting into a “nicely diversified economy.”

It’s a good blend of industries, Sykes said, that rescued the county from its dependency on natural resources after a sawmill and coal plant shut down.

Data centers are among the state’s fastest-growing industries, fueled partly by tax breaks worth $180 million last year alone.

Oregon’s program of enterprise zone incentives places no limits on how much local governments can give away in negotiations with businesses. The state created the program for small manufacturers in the 1980s, but data centers with billions of dollars in high-end computers have recently dominated the program.

Critics question whether small counties are equipped to negotiate with some of the world’s largest tech companies. And the value of the tax breaks varies widely.

The latest deal between Morrow County and Amazon will provide giveaways approximately twice as valuable, for example, as an agreement officials in The Dalles reached with Google in 2021.

The enterprise zone program sunsets in two years and Oregon lawmakers are considering reforms that could limit the duration of the incentives, link the size of the tax breaks to jobs created, and mandate public notice before votes on the deals.

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Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

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At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

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US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM

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