The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation
| Author | : | |
| Rating | : | 4.95 (958 Votes) |
| Asin | : | 1576753158 |
| Format Type | : | paperback |
| Number of Pages | : | 290 Pages |
| Publish Date | : | 2017-02-04 |
| Language | : | English |
DESCRIPTION:
Perri Morgan said Exposing Corporate Extortion of Taxpayers. Across the country, state legislatures appropriate millions of taxpayer dollars each year on "corporate jobs incentives" under the guise of "economic development and job creation". Greg LeRoy manages to shed light on the fallacy of these programs, using real life examples to prove that "incentives" are simply corporate welfare schemes that do little more than pad the pockets of hugely profitable corporations - while providing photo ops for politicians.As a longtime advocate for small . "A "Must Read"" according to Chuck Sheketoff. This is a quick read primer on what's wrong with the way state and local governments and corporations are selling our communities short. With colorful examples you won't forget, and clear, understandable explanations of tax and public finance policy that put law professors to shame, LeRoy shows the underbelly of the tax giveaway schemes taking place throughout the country. The Great American Jobs Scam is a must read for candidates, elected officials and others (especially voters) who . Good Material, but Too Long! LeRoy reports that job scams cost governments about $50 billion per year in lost revenues. The most common scams include:1)Create a bogus competitor (another town or state) vs. wherever the company wanted to locate in the first place.The intent is to create a "bidding war" over the freebies offered.2)Job "blackmail" in which a company threatens to move (or locate elsewhere) unless it gets the subsidies/tax relief it wants.Easily enhanced by overestimating the job increase - LeRoy cite
On the corporate minus side, tax incentives to relocate, he shows, are dwarfed by labor, transport and utility costs. (July)Copyright © Reed Business Information, a division of Reed Elsevier Inc. Corporate tactics, he finds, include quickly shuttered subsidized facilities, union busting and jobs that pay below the poverty line. Rewritten tax codes, which focus on sales taxes but ignore payroll and property taxes, as well as other tax abatements, undermine schools; most stadiums and convention centers further bleed public monies.
. Greg LeRoy has more than 25 years experience, directs Good Jobs First, a national resource center he founded in 1998 to promote corporate and government accountability in economic development and smart growth for working families
Almost every city and state in America has been slammed by a multilevel scandal, one that involves taxes, jobs, and corporate and political accountability. By popularizing these grassroots reforms - which are already taking hold - this book is taking a movement that is percolating in the states and putting it on the national stage.. This timely book explores these abuses in depth, but also offers hope with a series of commonsense reforms that would give taxpayers powerful new tools to reverse this situation - and redirect monies in ways that will really pay off. Government officials are no help - they're well compensated major players in this troubling drama. Under the guise of ""economic development,"" big companies have gotten extraordinary tax breaks, from property tax abatements to land write-downs. Promises of job creation in exchange for these tax breaks have proven hollow, with companies continuing to downsize and outsource at record levels