While supporters insisted that the legislation signed Wednesday will help provide a better business climate, they were quick to say that a variety of factors were at work in the economy, and it would be difficult to accurately figure out how many jobs the measures might create.
corporate taxes
Florida Corporations Get a Bigger Tax Break, Shoppers Get Another Sales Tax Holiday
Gov. Rick Scott called the corporate tax break “a huge victory” for Floridians that would help businesses create more jobs, though there is little evidence that such tax breaks spur job creation, and some evidence that the tax breaks are closer to corporate welfare.
Gov. Scott Proposes Corporate Tax Cuts Even As Florida Faces a Deficit of Up to $2 Billion
Gov. Rick Scott wants to double the corporate income tax exemption to $50,000 and eliminate the tangible tax for half of the state’s 300,000 businesses that now pay it. It’s part of his plan to eliminate all corporate taxes ins even years.
Corporate Tax Cut Out, Privatizing Prisons and 3% Public Pension Contributions In
As the Legislature’s 2011 session veers uncertainly toward its final days, lawmakers struck deals Saturday on privatizing prisons and compromising over public employees’ pension contributions, but no deal yet on health care and education cuts.
They Bring Good Schemes to Life:
How GE Pays Little Or No Corporate Taxes
GE’s tax department is a company in itself: some 1,000 people working to minimize GE’s corporate tax liabilities, with huge success. In 2010, GE paid no taxes on $14.2 billion in profits. GE claimed a tax benefit of $3.2 billion.
Incentive This: Corporate Tax-Breaking Our Way to Job Creation
Barack Obama’s second State of the Union Address fell flat, argues St. Augustine novelist Jack Cowardin, who makes an original proposal for job creation and a break in the corporate tax rate.