Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Supreme Court Debates Tax Giveaways for Business

| Mar 2, 2006 | Uncategorized

The Supreme Court considered on March 1, 2006 whether taxpayers can challenge lucrative tax breaks that elected officials give businesses as incentives to expand or relocate. The Court’s decision in the case brought by DaimlerChrysler could have a significant effect because nearly every state uses billions of dollars in tax breaks to attract companies. At issue is whether taxpayers who lost their homes and businesses have a right to bring a lawsuit and, if so, whether an investment tax credit is constitutional.
Click Here for the full Associate Press article.

see: http://www.TaxEsq.com

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