Why Are the Feds Giving $900 Billion in Tax Breaks Every Year?

Date: 15 Apr 2010 | posted in: equity, From the Desk of David Morris, The Public Good | 0 Facebooktwitterredditmail

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 just begun. Instead, I’ll focus on the less visited topic of the taxes we don’t pay, … Read More

Does the NFIB Really Represent the Interests of Independent Businesses?

Date: 3 Sep 2009 | posted in: Retail | 1 Facebooktwitterredditmail

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.   

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Four Corporate Tax Loopholes States Should Close

Date: 12 Mar 2009 | posted in: Retail | 2 Facebooktwitterredditmail

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.… Read More

Years of Subsidizing Retail and Nothing to Show for It

Date: 18 Feb 2009 | posted in: Retail | 0 Facebooktwitterredditmail

Despite an enormous commitment of public funding to support retail development, neither taxable sales nor retail employment has grown significantly in the St. Louis, a new report finds. The report concludes that development incentives have done nothing to boost tax revenue in the metro and "the overall fiscal health of local governments in the region is increasingly tenuous.… Read More

More States Close Tax Loophole that Gives Chains an Edge

Date: 6 Mar 2008 | posted in: Retail | 0 Facebooktwitterredditmail

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.… Read More

Giving tax breaks where credits are due

Date: 19 Mar 2007 | posted in: From the Desk of David Morris, The Public Good | 0 Facebooktwitterredditmail

Giving tax breaks where credits are due President Bush’s health care plan underscores the dilemma with tax incentives: They tend to treat the rich rather than the problem. By David Morris, originally published in the Mineapolis Star Tribune, March 19, 2007 Critics of George Bush’s proposal to expand the number of Americans with health insurance correctly … Read More

Vermont Governor Proposes Closing Tax Loophole that Favors Chains

Date: 1 Feb 2004 | posted in: Retail | 0 Facebooktwitterredditmail

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.… Read More

How Chain Stores Evade Paying State Taxes. . .And What to do About It

Date: 1 Jul 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Many retail chains, including Victoria’s Secret and Toys "R" Us, earn profits at stores nationwide, but have developed an accounting scheme to evade paying their full-share of corporate income taxes in more than half the states. Tax experts believe the practice is costing states billions of dollars in lost revenue. It is likely one factor behind the decline in state corporate income tax receipts. … Read More

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