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As Big Retailers Seek to Cut Their Tax Bills, Towns Bear the Brunt

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There Is More Than One Way To Stop 

The New York Times:

WAUWATOSA, Wis. — With astonishing range and rapidity, big-box retailers and corporate giants are using an aggressive legal tactic to shrink their property tax bills, a strategy that is costing local governments and school districts around the country hundreds of millions of dollars in lost revenue.

These businesses — many of them brick-and-mortar stores like Walmart, Home Depot, Target, Kohl’s, Menards and Walgreens that have faced fierce online competition — maintain that no matter how valuable a thriving store is to its current owner, these warehouse-type structures are not worth much to anyone else.

(click here to continue reading As Big Retailers Seek to Cut Their Tax Bills, Towns Bear the Brunt – The New York Times.)

Corporate welfare, alive and well, decimating American communities one by one…

Written by Seth Anderson

January 6th, 2019 at 2:04 pm

Posted in Business

Tagged with ,

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