taxes

Courtesy Fritz Allhoff

Last year, as part of a judicial clerkship in Alaska, Western Michigan University Philosophy Professor Fritz Alhoff volunteered for a program through the Alaskan Business Development Center. The task: to head to a tiny Alaskan village and prepare tax returns for hunters, fishermen and Native Alaska, many of whom miss out on thousands of dollars in refunds. Allhoff loved it so much that this year, he formed a partnership and recently took four WMU accounting students to the Last Frontier. Allhoff talked with WMUK about the trip and the partnership.


MPRN

(MPRN-Lansing) A panel of state budget experts anticipates a 300 million dollar windfall left over from the last fiscal year. 

(MPRN-Lansing) Gov. Rick Snyder has signed bills giving major tax breaks to data centers in Michigan. All data centers will no longer have to pay sales and use tax. 

WSW: Why West Michigan Businesses Want to Move Overseas

Nov 20, 2015
Perrigo/Wikimedia Commons

Lately, more and more West Michigan companies are looking at leaving West Michigan. Not physically – their buildings and factories are still here. But through a legal loophole called a “tax inversion,” businesses can merge with or purchase an overseas company and move their headquarters to a place like Ireland or the Netherlands, where business taxes are far lower than the United States. In just the past few years, Perrigo, Stryker and Pfizer have all talked about (or actually pursued) a tax inversion. Western Michigan University international finance professor Christopher Korth says these moves aren't good for the country, but unless we change our tax code, tax inversions won't stop.


Warren Mayor says his city will lose large amounts of money because of its large industrial tax base

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