Some fall short of tax-credit promise...

Some fall short of tax-credit promises | The Columbus Dispatch

There are 6 comments on the Columbus Dispatch story from Jul 11, 2010, titled Some fall short of tax-credit promises | The Columbus Dispatch. In it, Columbus Dispatch reports that:

Libbey Inc. has been making glass in Toledo since 1888, but sitting before the state Tax Credit Authority last month, company tax director Gary W. Doner made it clear that Libbey has other options besides Ohio for a planned expansion.

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Big Johnson

Columbus, OH

#1 Jul 11, 2010
It would be more equitable to lower taxes across the board, rather than allowing companies to extort credits based on the leverage they can muster.

One way to afford that would be to eliminate the Tax Credit Authority and its $300,000 payouts to 'consultants'. And by eliminate I mean just that; employees are terminated and not reassigned, and the budget is not spent elsewhere.

Pickerington, OH

#2 Jul 11, 2010
More accurate records and monitoring is needed if we are to get our monies worth out of these companies. Rocky boots promised the city of Nelsonville that they would maintain a work force of 1500 in exchange for tax breaks. When the company failed to so, the city sued them for the difference in taxes. Communities need to stand up and make sure they get the right bang for their buck. A lot of companies simply move across the street when their tax rebates expire and pick up another 10 years of rebates. Columbus finally put a stop to a well known discount furniture store last year from doing this.

Dublin, OH

#3 Jul 11, 2010
The Cavs should have asked if Lebron could have gotten an income tax abatement. From the info I saw, the Heat can pay him $4 million less then the Cavs and he has the same take home pay due to no income tax in Florida. That allows the Heat organization to spend more money on other players giving them a competitive advantage over the Cavaliers.

Kind of weird though, because I am pretty sure Lebron indicated that he likes to pay taxes, with his support of the current administration, and would have happily contributed his fair share to benefit all of us little people, instead of just doing what is best for himself. Maybe he is starting wake up and realize how the real world works.
Parasite Government

United States

#4 Jul 11, 2010
These abatements are a giant scam. You lay people off in one area of the company, then hire people under these credit programs. Total employment stays the same, yet the company gets to steal part of the tax paid by their employees to government.

An interesting concept - employees pay their employers indirectly for the right to work for them.

Since: Oct 09

Columbus, OH

#5 Jul 11, 2010
$300,000 to Centric which leaves $200,000 to upgrade systems? Is Centric hiring? It doesn't sound like their sales department needs help.
Obozo the Clown

Windsor, CA

#7 Jul 13, 2010
The end is here.
Run for you lives.

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