In The News: Public Finance

View more in Public Finance

Tax credit deal is just not enough

Jul 21 2015

By Shirley Leung, The Boston Globe

On July 8, the day the Legislature passed the budget, the four major business groups in town — Associated Industries of Massachusetts, the Massachusetts Taxpayers Foundation, the Greater Boston Chamber of Commerce, and the Massachusetts Business Roundtable — joined forces to urge Baker to veto the measure that would eliminate FAS 109, an accounting rule that includes hefty tax deductions for some companies.
Full article
Forward to a friend

Baker, legislative leaders strike deal to keep business tax break

Jul 19 2015

By Matt Murphy and Michael Norton, State House News Service / WBJournal

According to Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce, the Massachusetts Business Roundtable and the Massachusetts Taxpayers Foundation, the agreement "provides certainty for the state's businesses regarding the FAS 109 deduction for several years, and such predictability is critical for economic growth and business development." Baker last week said he did not view repealing the FAS-109 deduction as a tax increase, while Massachusetts Taxpayers Association President Eileen McAnneny said she believed the repeal was a tax hike.
Full article
Forward to a friend

Beacon Hill leaders keep corporate tax deduction intact

Jul 18 2015

By Jon Chesto, The Boston Globe

The Associated Industries of Massachusetts, Greater Boston Chamber of Commerce, Massachusetts Business Roundtable, and Massachusetts Taxpayers Foundation had urged the Legislature to reconsider the deduction repeal when it first became public last week. Also, individual companies such as Verizon expressed concerns.
Full article
Forward to a friend

Making good on a promise to help the poor

Jul 10 2015

By Shirley Leung, The Boston Globe

The major business groups — from the Massachusetts Taxpayers Foundation to Associated Industries of Massachusetts — have sent a letter to Baker, urging him to veto that part of the budget. Their argument: Companies like certainty, and changing the tax law mid-stream cements Massachusetts’ reputation as a bad place to do business.
Full article
Forward to a friend

Tarr questions closed door deal on taxes

Jul 10 2015

By Michael Norton, State House News Service / NewburyPort News

In a letter to Baker released Wednesday afternoon, the heads of the Massachusetts Taxpayers Foundation, Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce and the Massachusetts Business Roundtable urged him to veto the plan to repeal the FAS 109 deduction, saying reversing course on the policy “sends a troubling message to businesses that agreements are always subject to change” and contributes to the state’s “poor reputation for tax predictability.”
Full article
Forward to a friend

Plan to repeal tax deduction alarms firms

Jul 9 2015

By Jon Chesto, The Boston Globe

“The fact that the rule changed very quickly and abruptly is problematic, particularly for Massachusetts, where we suffer from the perception that we have a negative tax climate,” McAnneny said. McAnneny signed the letter urging Baker to veto the measure, along with representatives of Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce, and the Massachusetts Business Roundtable.

Full article
Forward to a friend

Does budget run afoul of Baker push for no new taxes?

Jul 8 2015

By Bruce Mohl, CommonWealth Magazine

Christopher Geehern, executive vice president of Associated Industries of Massachusetts, said his organization was deeply disappointed with the Legislature’s decision to repeal the corporate tax deduction. He said AIM, the Massachusetts Taxpayers Foundation, the Massachusetts Business Roundtable, and the Greater Boston Chamber of Commerce plan to write a letter to the governor urging him to veto the provision.
Full article
Forward to a friend

Baker: Too many Deval Patrick projects, too little dough

in

Jun 12 2015

By Matt Stout, The Boston Herald

What we’re now beginning to see is the constraints on the state’s capital spending,” said Andy Bagley, a spokesman for the Massachusetts Taxpayers Foundation. “We have enormous infrastructure needs, and this is a clear signal that we don’t currently have the resources
needed,” he said. “We’re 
going to have to start making very difficult decisions.”
Full article
Forward to a friend

Lawmakers grapple over tax fairness

Jun 10 2015

By Christian Wade, CNHI Statehouse Bureau

“There’s no question that the purpose of this measure is to increase progressivity in the state’s income tax code,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, which supports the current flat tax. “The unanswered question is whether this is a move towards a graduated tax or something in place of it.”
Full article
Forward to a friend

The Struggle to Tax the Cloud

in

Jun 1 2015

By Liz Farmer, Governing

But just two months after passing the “tech tax,” as it had become known, Massachusetts repealed it. Opposition from the state’s business forces rained down pressure on lawmakers. The new law, they claimed, was putting them out of business. “It got very bruising,” says Andrew Bagley, research and public affairs director of the Massachusetts Taxpayers Foundation.

Full article
Forward to a friend
See our site policy on external link content.