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BOSTON - The corporate spending that drives the technology sector is as strong as it has been since the end of the 1990s boom, giving the industry optimism as it heads into 2004.
Boards of directors are designed to look out for shareholders’ interests and challenge management. Past failures at some firms have put all boards under greater scrutiny.
A flier mailed to East Valley homes by a local union — suggesting that the new chain of planned Tesco stores sells beer to children — has unsettled some residents.
When it comes to vehicle registration fees, a state senator believes size should matter.
Target shoppers will no longer see the red Salvation Army kettles or hear the telltale clanging of bells this holiday season because of a change in policy prohibiting all fund-raising outside the stores.
Special interests won the day in the race for the Arizona Corporation Commission (ACC) in 2012, and the Arizona public got legally swindled.
They’re out there just hoping investors will slip up and fall for something that sounds too good to be true. The Arizona Corporation Commission has released its annual forecast of the top 10 traps likely to ensnare investors.
Gov. Jan Brewer wants no income tax cuts for corporations.
Brewer, crafting her own version of an economic stimulus plan, also rejected provisions in a House-passed proposal that would allow some multi-state corporations to escape paying any income taxes at all in Arizona. She also is opposed to repealing the state property tax.
And the governor does not want to alter how businesses are assessed for tax purposes for voter-approved bonds and school overrides.
The bottom line is that Brewer’s counter proposal to the House plan, when fully implemented, would reduce total business taxes in the state by less than $50 million a year. That compares with a price tag of $950 million in the original House version of HB 2250 and close to $650 million in a modified plan proffered by House Speaker Kirk Adams, R-Mesa, as a compromise.
Adams said Tuesday he is disappointed with Brewer’s plan.
“My initial concern with it is that it does not do much to actually create jobs or retain jobs in the state,” he said. And Adams said while he appreciates Brewer’s plan to scrap the state Department of Commerce in favor of a quasi-public economic development agency, that does not eliminate the need for large tax cuts to stimulate the economy.
The governor’s objections, however, should come as no surprise: Brewer has said all along she did not want to enact major tax cuts while the state is digging its way out of a deficit.
And the legislation comes as Brewer is attempting to convince voters to approve a temporary one-cent hike in the state sales tax that would generate $3 billion over its three-year life. Foes of that May 18 vote already have said consumers should not provide more cash to the state only to have the dollars go out the back door in tax breaks for business.
Adams said it’s not that simple, pointing out the state has lost more than 300,000 jobs since the economy peaked in late 2007. He said the tax breaks are needed to get those jobs back — and get people working so they can pay taxes.
Brewer, however, won’t buy the package.
The biggest difference is the governor’s refusal to consider cutting corporate income tax rates by 28 percent over five years. That move, when fully implemented, would reduce state revenues by more than $200 million a year.
Adams said Arizona has one of the highest corporate income tax rates in the nation. He said that is a deterrent to getting firms to locate here.
The separate change in the House bill in figuring income taxes would allow multi-state corporate to compute what they owe Arizona based on the percentage of sales made in this state. That would allow corporations that sell missiles and military hardware and, to a lesser extent, computer chips, reduce their taxes to next to nothing.
Gubernatorial press aide Paul Senseman said Brewer does not believes broad across-the-board tax cuts are appropriate, at least not at this point. He said the governor also believes the state can generate new business with “targeted and responsible” changes in tax policy that do not undermine the state’s fiscal bottom line.
Those changes Brewer supports would provide tax breaks when companies build or expand here, hiring new workers. Senseman said this would have minimal impact on existing tax collections.
Gov. Jan Brewer wants no income tax cuts for corporations.
The U.S. Supreme Court on Thursday threw out legal restrictions on corporate and union spending to influence elections, calling them an unconstitutional infringement on First Amendment rights.
A “whistle-blower” lawsuit filed in federal court alleges the owner of Mesa General Hospital and Mountain Vista Medical Center performed unnecessary medical procedures and illegally compensated doctors for patient referrals.
State lawmakers are trying to limit Arizonans’ ability to band together to sue when they have been taxed illegally.
Mesa’s Whittier Elementary School will receive a $25,000 grant as part of Target’s “Give With Target” initiative.
Mesa police, in partnership with Target stores, will provide 40 underprivileged children with a $50 gift card and help them shop for clothing and holiday gifts on Saturday.
A special legislative committee is recommending big tax breaks for business that could shift the cost of government to homeowners.
LOS ANGELES - Major record labels have targeted about 300 companies whose computers were allegedly used by employees to feed file-swapping networks in the latest attempt to crack down on Internet music piracy.
When it comes to vehicle registration fees, a state senator believes size should matter.
February 1, 2005
Scottsdale economic vitality officials aim to lure at least 15 companies to set up shop in Scottsdale by the end of fiscal 2005-06 despite a higher cost of living and doing business than other cities.
Fresh after Democrats picked up two new congressional seats in Arizona in 2006, they want more. Party leaders are focusing on two additional seats in the U.S. House, both of which represent parts of the East Valley.
The debate rages on in America over the damage that entitlement programs are having on our nation. Let's face it: Our vast and expensive entitlement programs breed laziness, complacency and an entitlement mentality that will prove to be the demise of this great country.
Racing against the state Legislature, the Tohono O'odham Nation filed suit Monday to force the U.S. Department of Interior to accept 135 acres of tribal land near Glendale as part of its reservation -- and do it soon.
In a commentary recently, U.S. Chamber of Commerce President and CEO Tom Donohue reminds readers that unnecessary delays in permitting projects are absolute job killers.
Two of the largest unions in Arizona want parents to boycott the state’s largest retailer when buying school supplies.
A community drug turn-in event, in partnership between Target and the Chandler Police Department, will be held 10 a.m. to 2 p.m. Saturday, April 27 at the Target located at 3425 W. Frye Rd., Chandler.
By Mark Scarp, contributing columnist
By Jerry Brown, contributing columnist
Guest Commentary by Bill Richardson
Guest Commentary by Shawn Thiele
By Mark Heller, Tribune
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