Bloomberg Tax
December 5, 2018, 2:41 PM UTCUpdated: December 5, 2018, 6:35 PM UTC

Google’s Silicon Valley Expansion Green-Lit Without Tax Breaks (1)

Joyce E. Cutler
Joyce E. Cutler
Staff Correspondent

Google is extending its Silicon Valley reach with a $111 million purchase of a cluster of downtown San Jose, Calif., properties the city is selling without taxpayer backing.

The tech giant isn’t receiving subsidies or tax breaks under the deal for the city-owned land near a transit center. That’s unlike projects involving Tesla Inc.’s giant gigafactory making batteries for the company’s Model 3 sedan in Nevada, for which the company received a $1.3 billion tax and incentive package, or Amazon.com Inc.’s expansion for satellite headquarters in New York and Virginia, which gave the company $1.5 billion and $573 million in ...

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