GE received a huge chunk of taxpayer money and then didn't deliver. they are giving back $87 million to the city, which is a relief. But ... did they have to? Could they have kept it if they wanted to? Reminder to put a clawback in any such deal (though, don't make those deals)
“Boston’s Luxury Towers: A Shell Game for the Global Elite? A New Study Makes the Case” -great reporting by @simonfrios@WBUR about our new study @inequalityorg https://t.co/4NR2hkhGMw
One of the biggest issues in the old tax code was companies offshoring income to dodge taxes. @FACTCoalition Gary Kalman here explaining how the new law makes it worse. #TaxDay
https://t.co/yjfU7BWuM0
It's #TaxDay, and it serves as a reminder that not everyone plays by the same rules. Thanks to games and loopholes, many highly profitable companies pay nothing on their protits
I'm just gonna keep on saying it: The job promises of these "site negotiations" are always bunk. We shouldn't waste public dollars chasing after a mirage of jobs, we should be investing in a #NewEconomy that actually works. https://t.co/RyuAfaWpm2
Anonymous shell companies help terrorists, opioid trafficking and modern day slavers. And the @ABAesq defends them. Why is that? 👇
https://t.co/06wOAI9WDK
The lower corporate tax rate encourages companies to shift profits and jobs offshore because of various tax breaks, according to @taxjusticewonk of @iteptweets.
Let's rebuild an economy that works for us. That can start by going 100% renewable energy. Solar has grown 300x here in the last 10 years, its time to #Go100MA#Go100RE
“There’s also a growing concern around the use of those shell companies for human-trafficking networks”
Time to know #WhoOwnsIt
https://t.co/BCbunYcr8q
"the offshore industry is not a minor, shadowy part of our economic system: it is the system ... thanks to a financial and banking system that allows them to hide behind anonymous company structures, and asks few questions"
https://t.co/Fs4byQ8kFA
Given the #TaxReformBill Amazon now has MUCH higher incentives to move second hq to Canada:
1) terrotorial tax system increases incentives to offshore $ & operations
2) health care will become much more expensive in us, Canada is public
3) tax bill brutal for higher ed
"Every Kansan knows what happened after Gov. Sam Brownback’s 2012 cuts did away with the state income tax for some 330,000 business owners."
https://t.co/Jb6vhGQunJ
what is the rationale for deficit spending in the time of economic growth, and then inserting a trigger in that spending to roll it back in time of economic downturn?
Should we call it the "all or nothing" approach?
If you're not used to JCT tables, comparisons here are not year-to-year. They are compared to current law.
It's not just that taxes for under <$75,000 go up when everything expires after 2025. Taxes go up compared to Congress doing nothing.
https://t.co/Anyq3g1KBu