Taxes and Budget Anti-'Tax Havens' bill gets new look as effort to close corporate loophole from Trump Tax Cuts Corporations depend on things like an educated workforce, consumers with enough income to pay for services and products, and infrastructure that facilitates commerce. As a state and […] Sarah Austin Posted March 2, 2020 Tags Tax Breaks, Taxes, Trump Tax Cuts
Taxes and Budget Rollback of LePage’s estate tax cut for multi-millionaires would raise $14 million The estate tax threshold is currently set at $5.8 million for any individual who has property in Maine, meaning that up to $5.8 million of a person’s […] Beacon Posted March 2, 2020 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy General Fund dollars are no solution for Maine's transportation needs Maine faces an annual shortfall of $232 million annually to fund priority transportation infrastructure projects, with the largest unmet needs in bridge projects and highway reconstruction. This […] James Myall Posted February 28, 2020 Tags Bonds, Infrastructure, Taxes
Maine’s Economy, Taxes and Budget Policy Brief: To address wealth inequality, Maine must strengthen its estate tax More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […] Sarah Austin Posted February 27, 2020 Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget Report: Large corporations abusing offshore tax havens cost Maine $52 million annually Massive corporations like Google, Apple, and Exxon Mobil are avoiding their fair share of taxes by using shell companies in offshore tax havens, costing Maine $52 million […] The Center Square Posted February 20, 2020 Tags Revenue, Tax Breaks, Taxes
Taxes and Budget Report says Maine losing $52 million a year to overseas tax havens The Maine Center for Economic Policy said that overseas tax havens mean companies like Apple pay lower or no taxes abroad on profits actually made here. “Businesses […] Fox Bangor Posted February 11, 2020 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Lawmakers To Debate: Should Maine's Big-Box Stores Be Taxed As If They're Empty Or Full? Sarah Austin, an analyst for the left-leaning Maine Center for Economic Policy, says the tax reduction requests by Walmart and other large retailers have grown in recent […] Maine Public Posted February 10, 2020 Tags Property Tax, Taxes
Taxes and Budget NEW REPORT: Offshore tax haven abuse costs Maine up to $52 million annually Maine does not need to wait for federal action to stop corporate tax avoidance AUGUSTA, Maine — Huge, multinational corporations such as Apple, Pfizer, Exxon Mobil and Google […] Posted February 6, 2020 Tags Property Tax, Taxes
Taxes and Budget Maine's Legislature has a chance to stop corporations like Walmart from using 'dark store theory' to rig the property tax code Big-box chains benefit from the fire and police protection and infrastructure provided by our municipalities. Their employees and their children benefit from the public education provided by […] Sarah Austin Posted February 6, 2020 Tags Property Tax, Tax Fairness, Taxes
Jobs and Income, Taxes and Budget New bill implements tax credit to assist family caregivers New legislation could help people who’ve had to to cut hours at work or quit a job to take care of a family member. The Maine Center […] WABI Posted February 6, 2020 Tags Caregiving, Taxes