tax subsidies Archives - Public Seminar

Corporations

The “Transferable” Subsidy Scam

Meet a big, under-the-radar problem

October 31, 2022 • by Pat Garofalo

It’s a mess, is what I’m saying. But making a corporate subsidy transferable is an easy thing to do under the radar, without folks knowing what it means or realizing what their state is in for when such a policy is actually implemented. ...

Technology

What’s Google Up To?

It says it turned down subsidies in three cities. What gives?

October 4, 2021 • by Pat Garofalo

Tech giant Google recently announced that it bought a building in New York City in a massive $2.1 billion deal, which is the largest real estate purchase in the U.S. since the pandemic began. Google also said it would not avail itself of the corporate subsidy programs offered by New ...

Economy

State Secrets

Let’s ban non-disclosure agreements in government economic development deals

March 23, 2021 • by Pat Garofalo

_____ Sometime later this year, the Fort Wayne, Indiana, city council will vote on whether to give a 10-year, $16 million property tax break to the builder of a new warehouse. There is an issue, however, one that goes beyond the potential loss of public money. The city council members – ...

Capitalism

How Taxpayers are Picking Up the Bill for the Destruction of Local Restaurants

Ghost Kitchens are a trend that are as spooky and scary as they sound

November 30, 2020 • by Pat Garofalo

This past summer, Kroger, one of the nation’s largest grocery store chains, received a 15-year, 75 percent sales tax exemption for setting up two new data centers in Ohio. This is the definition of unnecessary. Kroger is not exactly poverty struck – it accrued profits of more than $2 billion last year. ...