Even when state economic development programs purport to be open to businesses of any size, in practice, they overwhelmingly favor large companies, according to a study released Tuesday. The study determined that 90 percent of a $3.2 billion pot of economic development incentives was awarded to large firms, a finding that casts light on one of the ways that small businesses are placed at a competitive disadvantage.… Read More
Under what has become known as the “dark store” method, big-box retailers are declaring their busy stores to be functionally obsolescent and therefore nearly worthless for tax purposes —and they’re winning big judgments for back taxes. It’s the latest example of the way that, even as local governments continue to bend over backwards to attract big-box development, these stores are consistently a bad deal for communities. … Read More
In our op-ed for the Wall Street Journal, we look at how much of our public policy seems to designed to bend the market in the favor of big corporations, and put small, independent businesses at a competitive disadvantage. … Read More
ILSR joined other members of the Advocates for Independent Business coalition in submitting a joint public comment letter in support of a landmark proposal to require local and state governments, as part of their financial reporting, to annually disclose the tax breaks and incentives they have provided to corporations in the name of economic development. … Read More
To regenerate local businesses, we’ll need more than Buy Local campaigns; we’ll need to change public policy, which now favors big business. In this presentation, Stacy Mitchell looks at seven key policy areas to focus on. … Read More
A growing number of big corporations are using offshore tax havens to escape paying U.S. taxes. A recent estimate suggests big companies are dodging at least $37 billion a year — and, in so doing, gaining a significant competitive advantage over small businesses. … Read More
With April 15 upon us, I’d like to talk about taxes. Not about the part of the tax code that generates revenues. You’ve already heard enough about the taxes you pay to last a lifetime, and the election campaign has … Read More
Today, in the New York Times small business blog, Robb Mandelbaum examines the membership of the National Federation of Independent Businesses has plummeted and takes a look at how the group has lobbied for tax loopholes that boost the profits of big chains, while forcing independent businesses to pay more.