taxes

Massachusetts
8:20 am
Wed December 17, 2014

Springfield City Council Sets New Property Tax Rates

Originally published on Tue December 16, 2014 12:10 pm

New property tax rates have been set in Springfield, Massachusetts.  For the first time in many years, the rates for both homeowners and business property owners have been reduced, as property values continue to recover from the Great Recession

Read more
Congress
1:45 am
Wed December 17, 2014

Senate OKs Judicial Nominees, Tax Extensions Before Republican Takeover

Senator Harry Reid of Nev. on Tuesday, walks to one of his final meetings as the Senate Majority Leader. In January, Republicans take over the majority.
J. Scott Applewhite AP

Originally published on Wed December 17, 2014 4:27 am

In what The Associated Press called a "final flurry of accomplishment" Tuesday night, lawmakers were able to push through a bill that extended a package of tax breaks, which had expired at the end of 2013, and confirmed 12 more judicial nominees. NPR's Ailsa Chang reported the confirmations also marked a big accomplishment for the Obama administration.

Read more
Business
4:58 pm
Mon December 8, 2014

GOP Leaders: Gas Tax Hike Could Fuel Fixes To Bad Roads And Bridges

Thomas Harden of Chicago pumps gas into his truck. He says he wouldn't support a gas tax increase.
David Schaper NPR

Originally published on Tue December 9, 2014 1:57 pm

Gasoline prices are at their lowest level in four years. The price at the pump in many states is almost a full dollar cheaper than it was last spring.

So some politicians think this is a good time to raise gasoline taxes. Several states are tired of waiting for Congress to fix the federal highway trust fund, so they're considering raising gas taxes themselves to address their crumbling roads.

Read more
Europe
4:17 am
Mon December 8, 2014

U.S. Tech Firms See Green As They Set Up Shop In Low-Tax Ireland

The Apple campus in Cork, southern Ireland, employs 4,000 people — though its financial benefits are felt across the city. But Ireland's attractive tax laws — which have lured other industry leaders — are now under scrutiny.
Paul Faith AFP/Getty Images

Originally published on Mon December 8, 2014 8:54 am

Here's a fact that might surprise you: All of the top 10 U.S. companies that were born on the Internet — including Google, Amazon and eBay — have overseas corporate headquarters in Ireland.

The American tech sector is huge in Ireland. It's growing rapidly — and having a huge impact on life there.

But the tax system that's fueling the growth is also infuriating some people in the U.S. and Europe — and has Ireland reconsidering its tax code.

A City, And Country, Transformed

Read more
State Budget
11:24 am
Fri November 14, 2014

Gov. Malloy Budget Chief Sticks to No Tax Hike Pledge

Ben Barnes, Gov. Malloy's secretary of the Office of Policy and Management.
Credit Chion Wolf / WNPR

Governor Dannel Malloy's budget chief says he plans to adhere to his boss's campaign promise not to raise taxes in Connecticut's new two-year state budget.

Read more
Election 2014
12:33 pm
Mon November 3, 2014

Malloy, Foley Say No More Taxes; Visconti Says Not Possible

As in many campaigns, tax increases have been called off by both major candidates.
Credit Chris Potter / Creative Commons

Governor Dannel Malloy and Republican challenger Tom Foley have repeatedly said they will not raise taxes. After dropping out of the race as a petitioning candidate, Joe Visconti said it just can't happen.

"I don't know how we can cut enough, even if the legislature agreed with it, and mothball enough programs for us not to have some form of a tax increase unless we grow completely out of it in a miracle situation," Visconti told WNPR.

Read more
Where We Live
9:00 am
Thu October 23, 2014

The Wheelhouse: Candidates Attempt to Win Hearts and Minds

Joe Visconti, Dan Malloy, and Tom Foley debate in New London last week.
Tim Cook The Day

Gov. Dannel Malloy and Republican challenger Tom Foley may not be trying to make people like them, but they're trying to make the other guy look worse. Now, that Connecticut has the "least positive" race in the nation and the candidates remain in a dead heat in the polls. Malloy told WNPR earlier in the week that he isn't the most lovable guy. Meanwhile, reporters keep asking for Foley's state tax returns and he keeps refusing to hand them over.

Read more
Where We Live
7:36 am
Thu October 9, 2014

Welcome to the Great State of New England!

Toronto Public Library

Our beloved New England is filled with scenic coastlines, lobster pots and clam shacks, Green Mountains, White Mountains, and a long river valley filled with Yankees who take their long winters as a point of pride. We have history and culture all right here.

Read more
Business of Defense
7:48 am
Thu October 2, 2014

Sen. Murphy: Pentagon Spends Billions Overseas, Costs Jobs

Big contractors like Pratt & Whitney should be required to source more of their parts in the US, according to Senator Chris Murphy
Pratt & Whitney

U.S. Senator Chris Murphy said that in the past seven years, the Pentagon has spent more than $160 billion of taxpayer money on foreign-made goods. He’s accusing the defense department of abusing legislation that requires it to buy American.

Read more
State Taxes
12:58 pm
Mon September 29, 2014

Connecticut Tax Panel Looks at Simplicity, Affordability

Credit Flickr Creative Commons, Tax Credits

Connecticut’s tax code comes under scrutiny on Monday as the state’s new tax panel meets for the first time.

Read more
Funding Education
11:19 am
Tue September 23, 2014

Connecticut Most Reliant State in U.S. on Property Taxes to Fund Public Education

The Connecticut Conference of Municipalities says a range of actions are needed by the state to address education funding issues.
Connecticut Conference of Municipalities

A new report by The Connecticut Conference of Municipalities says the state remains the most reliant in the nation on the property tax to fund pre-K to 12 public education. 

Read more
Election 2014
8:03 am
Wed September 3, 2014

Republican PAC Airs TV Ad Slamming Malloy Tax Hike

Grow Connecticut released an ad Tuesday criticizing Malloy's tax increases.
YouTube

A Republican political action committee has launched a TV ad attacking Governor Dannel Malloy's tax policies. 

Read more
Baseball
2:28 pm
Wed August 20, 2014

New Britain Says Rock Cats Have Paid Back Taxes

The New Britain stadium for the Rock Cats.
Credit Doug Kerr / Creative Commons

Josh Solomon, the owner of the minor league New Britain Rock Cats, has paid the city $164,569.26 in back taxes for its baseball stadium, the city said in a press release.

Read more
Bilingual Tax Help
10:44 am
Mon August 18, 2014

Revenue Services Reaches Out to Hispanic Businesses in Connecticut

Park Street in Hartford is home to many Hispanic-run businesses.
Tucker Ives WNPR

The state of Connecticut is trying to make it easier for Spanish-speaking business owners to pay their taxes. The Department of Revenue Services has produced a Spanish language video on electronic filing.

Read more
WAMC News
1:26 pm
Mon August 4, 2014

Massachusetts Gives Shoppers Another Sales Tax-free Weekend

Originally published on Mon August 4, 2014 12:26 pm

Shoppers in Massachusetts can look forward to a sales tax holiday later this month. The Massachusetts legislature in the closing minutes of the legislative session last week set the sales tax-free shopping days for August 16 and 17.

The sales tax holiday was included in a comprehensive economic development bill that contains dozens of programs and incentives designed to create jobs. State  Senator Gale Candaras  of  Wilbraham, who helped write the bill, acknowledges there is scant evidence the sales tax holiday does much to grow the Massachusetts economy.

Read more
Congress
1:41 pm
Tue July 15, 2014

House Votes to Extend Moratorium on State, Local Taxes for Internet Access

The U.S. Capitol building.
Credit Ron Cogswell / Creative Commons

The House has voted to make permanent a moratorium that prevents state and local governments from taxing access to the Internet. 

Read more
Play Ball
4:21 pm
Thu June 26, 2014

If a Ballpark Comes to Hartford, Who Gets the Luxury Seats?

Jupiterimages/Photos.com Thinkstock

Much has been written about whether the city of Hartford should have its own box in the new proposed baseball stadium its considering building to house the New Britain Rock Cats.

Read more
Made in Connecticut
11:09 am
Mon June 16, 2014

Helping Manufacturers Save For the Future

Hugh McCann at his Bridgeport factory.
Harriet Jones WNPR

As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.

Read more
Connecticut First
5:32 pm
Mon May 5, 2014

Senate Approves Annual Budget; Bill Would Expand Early-Childhood Education

The state Senate approved a $19 billion annual budget over the weekend. It postpones three tax breaks for shoppers and retired teachers as the state's surplus dissolves in the state’s sluggish economy. Democrats rallied around the package that provides funding for public education, housing, after-school programs, social service needs, and transportation infrastructure. The budget now awaits Governor Dannel Malloy's signature.

Read more
State budget
3:03 pm
Fri May 2, 2014

Malloy Announces Budget Deal That Doesn't Have "a Lot of Pain"

Connecticut Governor Dannel Malloy
Credit Chion Wolf / WNPR

Governor Dannel Malloy announced a budget agreement on Friday which would not raise new taxes, and would deposit the smaller-than-expected $43.4 million surplus into the state's rainy day fund.

Broadly speaking, Malloy said that without a deficit, it's time to focus on future growth.

Read more
Where We Live
9:00 am
Wed April 30, 2014

The Wheelhouse Won't Be $55 Richer After All

Governor Dannel Malloy from January 11, 2013 on WNPR's Where We Live.
Credit Chion Wolf / WNPR

If you had big plans for that $55 tax rebate that Governor Dannel Malloy announced in his State of the State address, think again.

This week, Malloy acknowledged this election-year plan was dead.

On our weekly news roundtable The Wheelhouse, our team of reporters will discuss the rebate, the 2014 race, Hillary Clinton's visit to UConn, and fracking legislation at the state capitol.

Read more
Pharmaceuticals
8:29 am
Tue April 29, 2014

Tax Breaks Could Be Biggest Prize In Pfizer Deal For AstraZeneca

For now, Pfizer's world headquarters remains in New York. But a deal for AstraZeneca could turn Pfizer British.
Mark Lennihan AP

Originally published on Mon April 28, 2014 7:00 pm

Pfizer finally fessed up and told the world that it wants to buy British drugmaker AstraZeneca. It wasn't a very well-kept secret.

The New York-based drugmaker confirmed publicly that it approached AstraZeneca in January about getting together. AstraZeneca, based in London, rebuffed the New Yorkers.

Read more
Tax Rebate
1:02 pm
Mon April 28, 2014

Malloy's Tax Rebate Plan Is Dead

Gov. Dannel Malloy.
Credit Chion Wolf / WNPR

Governor Dannel Malloy is reversing his proposal to give each taxpayer a $55.00 refund. The administration said revenue from capital gains taxes last year is hundreds of millions of dollars below what was expected.

Read more
Connecticut First
5:02 pm
Fri April 25, 2014

Malloy Announces Land Preservation Plan; Senate Approves UTC Deal

Governor Dannel Malloy announced a plan today for the state to play a major role in purchasing and protecting a 1,000 acre parcel, as open space, along Long Island Sound.  The Preserve, located in the towns of Old Saybrook, Essex and Westbrook, is considered to be the last, large unprotected coastal forest between New York and Boston.

Read more
Economic Development
6:49 am
Fri April 25, 2014

UTC Tax Package Headed to Malloy's Desk

A rendering of planned new headquarters for Pratt and Whitney.
Credit Pratt and Whitney

A $400 million tax relief package for United Technologies is on its way to Governor Dannel Malloy's desk after the legislation passed the state senate.

Read more
Budget Time
5:20 pm
Mon April 21, 2014

Segarra's Proposed Budget Includes Tax Hike

Mayor Pedro Segarra presents his budget.
Jeff Cohen WNPR

Hartford Mayor Pedro Segarra presented a budget that increases taxes, cancels a class of police officers, and raises new money by selling off some of its parking assets. 

Read more
Tax Day
4:56 pm
Tue April 15, 2014

Sending Money On An Overseas Round Trip To Avoid Taxes

Round-tripping occurs when American citizens open bank accounts in tax havens such as the Cayman Islands, funnel money into the accounts and then use it to buy stocks and bonds back in the U.S.
David McFadden AP

Originally published on Tue April 15, 2014 6:03 pm

Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.

Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.

Read more
Taxes
10:14 am
Mon April 7, 2014

Reverse PILOT Proposal Considered Unfair By Some Connecticut Institutions

Connecticut's state capitol building with the Bushnell Park Corning Fountain in the foreground.
Credit Helder Mira / Creative Commons

Some municipal and state leaders would like to see non-profit colleges and hospitals pay taxes to the towns where they reside. One higher education official said the particular idea currently being floated is unfair. 

Read more
Where We Live
9:00 am
Fri April 4, 2014

Supporting Connecticut Veterans; College Presidents on Reverse PILOT; a Study on Parking

Are parking spaces hurting economic development in cities?
Credit radcliffe dacanay / Creative Commons

A conference was held in Hartford on Thursday to open up discussion about Connecticut’s veterans. The event came just one day after an Iraq War veteran opened fire at Fort Hood in Texas, wounding 16 and killing four, including himself. This hour, we talk about what happened at Fort Hood, and take a look at some of the services that are available to our veterans.

Read more

Pages