Apr
3
2019

Retirement-Plan Class Action Payouts by Large Corporations Top $6 Billion

A new compilation of court records finds that large corporations have paid out $6.2 billion in class-action lawsuits in which employees claimed that the companies acted improperly in the administration of their 401(k) or defined-benefit pension or retiree health plans. That’s the total of 201 settlements and verdicts since the

Jun
5
2018

Report: Wage Theft is Pervasive in Corporate America

A new Good Jobs First report finds that many large corporations operating in the United States have boosted their profits by forcing employees to work off the clock, cheating them out of required overtime pay and engaging in similar practices that together are known as wage theft.

Jul
28
2017

Is Foxconn a Con?

It’s common for governors to stage publicity events to announce major job-creating investments in their state. This allows them to take implicit credit for a project that was probably helped along with tax breaks and other financial giveaways. When it came to the Taiwanese company Foxconn’s plan to build a $10 billion flat-screen plant in Wisconsin, the hype was taken to a new level.

May
1
2017

Good Jobs First Lauds Accounting Board for Clarifying Tax-Break Sunshine Rule

Good Jobs First today lauded the Governmental Accounting Standards Board (GASB) for its latest formal guidance on how localities and states should disclose the costs of economic development tax breaks. Noting that the guidance apparently corrects at least one state auditor and some accounting firms, Good Jobs First called upon state officials and firms to publicize the new guidance and, if necessary, to revise and re-issue any erroneous instructions they may have given.

Mar
9
2017

Good Intentions vs. Effective Outcomes: An Analysis of Selected New Mexico Tax Incentives

Washington, DC, March 9, 2017—A study released today examining various tax incentives and tax accounting practices in New Mexico found that the state could gain more than $206 million per year by enacting safeguards common in other states. The study also finds that New Mexico lags behind most other states in making public relevant information about its tax incentive programs.