Raising real estate transfer tax to 'Bring Chicago Home' is bad idea
Beneath the enticing surface of a proposal to raise the transfer tax on higher-end properties are hidden burdens, a group of business leaders writes.
Source: suntimes.com
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Proposed tax increases latest hurdle for Illinois businesses
Gov. J.B. Pritzker wants to close $932 million worth of “corporate tax loopholes” to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up to strengthen an economy battered by the pandemic.
Source: chicagotribune.com
Pritzker's tax plan: Closing corporate tax loopholes, or 'the best way to shoot yourself in the foot?'
Pritzker’s tax plan: Closing corporate tax loopholes, or ‘the best way to shoot yourself in the foot?’ Ryan Ori and Lauren Zumbach, Chicago Tribune © Stacey Wescott / Chicago Tribune/Chicago Tribune/TNS Metal eyeglass frame at State Optical's factory on Feb. 19, 2021 in Vernon Hills. Gov. J.B. Pritzker wants to close $932 million of what he called “corporate tax loopholes” to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up to land relocating jobs and strengthen an economy batter...
Source: msn.com