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Like the Dutch St. Nicholas quietly stuffing shoes with candy on St. Nicholas' eve, The Entrepreneriual Mind has stuffed the St. Nick's day Carnival of the Capitalists with sweet goodness - well, sweet business reading, anyhow. The Carnival is a weekly roundup of economics and business weblog links, hosted at a different blog each week.
One item we note in this weeks Carnival is a post on a plan to attract large businesses to Pennsylvania by cutting the top corporate tax rate from 9.9%. This would be financed by raising the taxes on smaller corporations.
Most state tax business development incentives amount to taxing existing businesses to lure and subsidize their competitors, but rarely is it so blatant.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to