The Amazing Spider-Man 2, starring Andrew Garfield, Emma Stone, and Jamie Foxx, is expected to gross between $90.7M to $92M on its opening weekend. While not at the top of the box office this weekend, those numbers are certainly not terrible: it performed better at opening than the first Amazing Spider-Man and better than Spider-Man…
In a tough economy – when a state can’t yet pay its bills – you’d think the fiscal plan for the future would be conservative. Not so, North Carolina. Despite massive budget woes, the state legislature has agreed to special tax breaks designed to bring Apple to the Tarheel State. Apple, the company that makes…
Massachusetts’ Economic Assistance Coordinating Council is expected to give its approval to a $3.5 million tax break for JPMorgan Chase & Co. voted in by the Boston Redevelopment Authority (BRA) and City Council. The tax break includes a $2 million cut in property taxes and a $1.5 million break on state income tax. It’s a…
The U.S. Supreme Court finally ruled on a landmark tax incentive case involving the rights of individual states to provide tax breaks to corporations who choose to locate manufacturing and other facilities within the borders of those states. The ruling was viewed as key since almost every state in the country has some sort of dispute…
The Supreme Court will take a break today from the phenomenon that is Anna Nicole consider whether tax breaks that Ohio passed in order to woo DaimlerChrysler to build an assembly plant are constitutional. What Ohio did wasn’t unusual. In fact, many states and some municipalities (such as our own City of Philadelphia!) use tax…