Washington, DC, November 18, 2008—State and local governments in many parts of the country are losing a total of more than $1 billion in revenue each year from the diversion of sales tax receipts into the pockets of retailers, especially large chains such as Wal-Mart. The biggest losses are created by state programs—known by names such as “vendor discount” or “collection allowance”—that pay retailers for collecting sales tax on behalf of governments.
These are the conclusions of Skimming the Sales Tax, a comprehensive national study of the issue released today by Good Jobs First, a non-profit research center based in Washington, DC. The report is available on the Good Jobs First website at www.goodjobsfirst.org.
Washington, DC, November 15, 2007—State governments are improving their
transparency practices, but many are still not taking full advantage of the Internet to
inform the public. Online disclosure of corporate tax breaks and other economic
development subsidies lags far behind reporting on procurement contracts and lobbying
activities. These are the main findings of a report entitled The State of State Disclosure
released today by the Corporate Research Project of Good Jobs First.