http://www.taxgirl.com/fix-the-tax-code-friday-tax-credits-for-business/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 20:16:58 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.taxgirl.com/fix-the-tax-code-friday-tax-credits-for-business/comment-page-1/#comment-10789 Ken Butak Sat, 27 Jun 2009 14:15:55 +0000 http://www.taxgirl.com/?p=3557#comment-10789 Selective taxation is such a WONDERFUL way to punish those who harbor a different philosophy of any kind. Used in conjunction with Eminent Domain, all sorts of things get done. We see it all the time here in Minnesota. Selective taxation is such a WONDERFUL way to punish those who harbor a different philosophy of any kind. Used in conjunction with Eminent Domain, all sorts of things get done. We see it all the time here in Minnesota.

]]> http://www.taxgirl.com/fix-the-tax-code-friday-tax-credits-for-business/comment-page-1/#comment-10787 Another Tax Geek, CPA Fri, 26 Jun 2009 18:17:01 +0000 http://www.taxgirl.com/?p=3557#comment-10787 Generally, no. Here in WA state, we're seeing a company pit two cities against each other in order to gain tax concessions, and while I undertand that motivation of the localities, offereing benefits like this to a large business is grossly unfair to the small businesses who are still paying their taxes in full. IMO, the best way to go is for the states/cities to treat all business equally, and to do otherwise is an insult to the small businesses and employers. That being said, for transient forms of business, such as a temporary movie shoot, I think it can make sense to offer some form of incentive to bring that business in since it's going to be done somewhere, and it's not going to be a permanent activity, but it probably should be coupled with requiring that locally based businesses be used. Generally, no. Here in WA state, we’re seeing a company pit two cities against each other in order to gain tax concessions, and while I undertand that motivation of the localities, offereing benefits like this to a large business is grossly unfair to the small businesses who are still paying their taxes in full. IMO, the best way to go is for the states/cities to treat all business equally, and to do otherwise is an insult to the small businesses and employers. That being said, for transient forms of business, such as a temporary movie shoot, I think it can make sense to offer some form of incentive to bring that business in since it’s going to be done somewhere, and it’s not going to be a permanent activity, but it probably should be coupled with requiring that locally based businesses be used.

]]>