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guelo
on Jan 16, 2018
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Memo: Foxconn cost to Wisconsin nearing $4.5B
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
on Jan 17, 2018
[–]
Can you explain this a bit more? Neither exemptions nor credits imply any kind of cash payment to the company.
mastax
on Jan 17, 2018
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See "Refundable Tax Credits" as mentioned in
https://www.wpr.org/wisconsin-foxconn-deal-waives-environmen...
(upthread)
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