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Featured Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on May 1, 2014

Amazon’s Big Assist from Government

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/amazons-big-assist-government/

A new study finds Amazon’s sales drop in states where it is required to collect sales taxes, revealing what Jeff Bezos has undoubtedly known for years: the company’s success, its track record of shuttering local businesses, is as much a product of government favoritism as it is of its own ingenuity. Continue reading

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Featured Article, Resource filed under Independent Business | Written by Stacy Mitchell | 14 Comments | Updated on Dec 1, 2012

Why We Can’t Shop Our Way to a Better Economy: Stacy Mitchell’s TEDx Talk

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/ted/

In this TEDx talk, delivered on October 20, 2012 at TEDxDirigo‘s Villages conference at Bates College in Lewiston, Maine,  conference, ILSR Senior Researcher Stacy Mitchell argues for a new phase in the local economy movement. She notes that there’s been a resurgence of support for small farms, local businesses, and community banks, but argues: “As remarkable… Continue reading

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Featured Article filed under Independent Business | Written by Stacy Mitchell | 2 Comments | Updated on Oct 22, 2012

Six Small Business Issues at Stake in this Election

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/small-business-issues-stake-election/

Here’s a look at six small business issues at stake in next month’s federal and state elections, including bank reform, corporate tax advantages, getting corporate money out of politics, capping credit card fees, and creating preferences for local businesses in government purchasing. Continue reading

Rule filed under Independent Business | Written by ILSR Admin | 4 Comments | Updated on Jun 2, 2010

Closing State Corporate Tax Loopholes: Combined Reporting

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/rule/combined-reporting/

Many retail chains earn profits at stores nationwide, but have developed an accounting scheme to evade paying their full share of state corporate income taxes. Tax experts believe the practice is costing states billions of dollars in lost revenue.  It has also given chains an advantage over locally owned businesses, which must pay state income tax on all of their earnings. Twenty-three states are not vulnerable to these tax-evasion schemes, because they have enacted a policy known as combined reporting. Continue reading

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Article filed under Independent Business | Written by Stacy Mitchell | 2 Comments | Updated on Mar 12, 2009

Four Corporate Tax Loopholes States Should Close

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/four-corporate-tax-loopholes-states-should-close/

Doing so would ease budget shortfalls and restore a measure of fairnessfor small businesses, which lack access to these loopholes and end upshouldering a heavier tax burden than their big competitors. Some evidence even suggests that leveling the playing field may help spur entrepreneurialism and job growth. Continue reading

Rule filed under Independent Business, The Public Good | Written by ILSR Admin | No Comments | Updated on Dec 2, 2008

Closing State Corporate Tax Loopholes: Throwback Rules

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/rule/throwback-rules/

Changes in state tax formulas, often made at the behest of big business lobbyists, have led to a sharp increase in the amount of "nowhere" income — corporate profits that are not taxable in any state.  Throwback rules are a simple means of eliminating nowhere income and ensuring a fair playing field for local businesses that cannot convert profits into tax-free "nowhere" income. Continue reading

Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Nov 25, 2008

Retailers (Legally) Skimming Sales Taxes Paid by Customers

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/retailers-legally-skimming-sales-taxes-paid-customers/

Little-noticed laws in more than half the states allow retailers to keep a portion of the sales taxes they collect from shoppers. The practice is costing states over $1 billion a year and lining the pockets of large chains, notably Wal-Mart. Continue reading

Article filed under Independent Business | Written by Stacy Mitchell | 3 Comments | Updated on Mar 6, 2008

More States Close Tax Loophole that Gives Chains an Edge

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/more-states-close-tax-loophole-gives-chains-edge/

For years, chain retailers have exploited a loophole present in the tax laws of about half the states to escape paying billions of dollars in state income taxes. Efforts to close these loopholes have faced an uphill struggle, but the momentum may finally be shifting, thanks to research that has exposed the extent of the problem and its primary corporate beneficiaries, as well as new activism by independent business owners, who are breaking rank with powerful business groups to call for tax fairness. Continue reading

Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Feb 1, 2004

Vermont Governor Proposes Closing Tax Loophole that Favors Chains

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/vermont-governor-proposes-closing-tax-loophole-favors-chains/

In his State of the State address, Vermont Governor James Douglas proposed closing a tax loophole that gives national chains an advantage over local businesses. The loophole allows multi-state corporations to shift income made in the state to subsidiaries in low- or no-tax states like Delaware and Nevada, thereby evading Vermont corporate income taxes. Continue reading