Closing the loophole: Why some businesses pay less in corporate taxes and how Democrats want to fix it

Closing the loophole: Why some businesses pay less in corporate taxes and how Democrats want to fix it

Currently, businesses and corporations in Pennsylvania can shift their earnings to states with lighter tax burdens to pay less in corporate net income taxes.

 

It’s a strategy that is commonly referred to as the “Delaware loophole” since Delaware does not levy a corporate net income tax on business subsidiaries holding intangible assets. This allows multi-state businesses to transfer money to their Delaware-based subsidiary through transactions and other maneuvers to avoid paying the CNIT in other states, including Pennsylvania.

Wednesday, July 17, 2019/Author: Justin Sweitzer
Categories: News and Views
State funding to bring more fresh produce into elementary schools

State funding to bring more fresh produce into elementary schools

Asking parents of young children about teaching them to eat their vegetables usually brings a range of reactions, from boiling frustration to disappointed resignation. For families in some Pennsylvania schools, there might be some relief on the way.

Gov. Tom Wolf (D) announced Tuesday that over 220 elementary schools across the commonwealth with receive grant money to offer more fresh fruits and vegetables as part of school meals. $5.5 million will be awarded as part of funding from the U.S. Department of Agriculture’s Fresh Fruit and Vegetables program.

Wednesday, July 17, 2019/Author: Marco Cerino
Categories: Philadelphia
Pittsburgh residents support Pittsburgh City Council Inclusionary zoning legislation

Pittsburgh residents support Pittsburgh City Council Inclusionary zoning legislation

For years as prices have gone up, longtime, lower-income residents have been forced out in the wake of redevelopment. From tax credits to a slew of initiatives from the Housing Opportunity Fund, in Pittsburgh, elected officials and affordable housing advocates alike have struggled to quell displacement.

One of the methods used in combating the consequences of gentrification is inclusionary zoning. In the form of legislation sponsored by Pittsburgh City Councilwoman Deb Gross (D-District 7), in Lawrenceville, a neighborhood that has become synonymous with gentrification, housing developers would soon be required to set aside ten percent of affordable housing in any project consisting of at least 20 units.

Wednesday, July 17, 2019/Author: Atiya Irvin-Mitchell
Categories: Pittsburgh
VIDEO: Klunk joins The PLS Reporter to talk about legislation banning non-disclosure agreements related to sexual harassment

VIDEO: Klunk joins The PLS Reporter to talk about legislation banning non-disclosure agreements related to sexual harassment

Rep. Kate Klunk (R-York) sat down with The PLS Reporter to talk about her legislation that would ban companies from requiring an employee to sign a non-disclosure agreement relating to sexual harassment as a condition for getting a job or at any point during their job. 
Wednesday, July 17, 2019/Author: Kara Barmoy
Categories: Video
RSS