3 ms·
Note that the tax credits and exemptions will mostly take the form of direct cash transfers to Foxconn because the credits will be due whether or not Foxconn ow
by guelo 9y ago
Note that the tax credits and exemptions will mostly take the form of direct cash transfers to Foxconn because the credits will be due whether or not Foxconn owes taxes, and Wisconsin exempts manufacturers from almost all corporate and income taxes.
- blisterpeanuts 9y agoCan you explain this a bit more? Neither exemptions nor credits imply any kind of cash payment to the company.
- mastax 9y agoSee "Refundable Tax Credits" as mentioned in https://www.wpr.org/wisconsin-foxconn-deal-waives-environmental-regulations https://www.wpr.org/wisconsin-foxconn-deal-waives-environmen... (upthread)