Posts Tagged ‘Corporations’

Mid-Week Reads: Corporate Welfare and Sleep-Deprived Workers

Every week, North Star will take some time out of our schedules to bring you our favorite reads from the past week. Jeff Van Wychen The Real Welfare Cheats According to a new Oxfam report, governments around the world lose $100 billion every year because multinational corporations hide profits in overseas tax havens. Corporate income…

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State Property Tax: A Good Deal for Businesses

Since 2002, property taxes on Minnesota businesses have been growing less rapidly than taxes on most other classes of property. As with all things pertaining to the property tax system, the explanation for this trend is varied and complicated. However, the state business property tax is one of the principal reasons why Minnesota business property…

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Majority of Business Tax Break Leaves Minnesota

The elimination of state business property tax is projected to reduce state revenue by nearly $1.9 billion by the time it is fully phased-in. However, the amount of net tax relief received by Minnesotans will only be about $0.9 billion. What happened to the missing $1.0 billion? It will be exported to out-of-state taxpayers or…

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Metro Area Gets Most from State Business Tax Repeal

Proponents of the elimination of the state business property tax have touted the tax relief that will flow to greater Minnesota businesses. However, the vast majority of the relief will flow to the seven-county metropolitan area, with over a third going to Hennepin County alone. This article is part of a continuing series which examines…

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Small Business Tax Relief? Not So Much

In recent years conservatives have talked about phasing-out and ultimately eliminating the state business property tax. This is the first of a series of articles that will examine various aspects of this plan. This article will examine the distribution of tax relief between large and small businesses. Just how much of the tax relief from…

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