Dec
10
2019

States Are Losing Revenue Passively to Federal Opportunity Zones. But Only Four Have Even Estimated Their Losses

Opportunity Zones (OZs), the new federal tax break for investing in specially designated census tracts, are estimated to cost the federal treasury $1.6 billion a year. But because all but a few states tie their personal and corporate income tax systems to Uncle Sam’s, OZs will also have a direct and negative impact on state revenues.

Apr
1
2019

Amazon Apologizes, Foxconn Folds, Big Oil Fesses Up

Corporate America got religion ahead of Easter this year, as peace broke out in America’s tax-break war among the states.

Apr
3
2018

Despite Wide Public Interest, Most Finalist Governments Hide their Amazon HQ2 Bids

Washington, DC—As Amazon.com conducts site visits at the 20 finalist locations for its second headquarters, or HQ2 project, little is known about most of those localities’ first-round bids, and almost nothing at all is known about six. Even though billions of dollars are at stake, few states and cities have fully disclosed their bids. Even those that have partially disclosed have not revealed the details of their tax-break offers and their costs to taxpayers.