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The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation

Amazon.com Price: $6.97 (as of 26/04/2019 19:09 PST- Details)

Categories: Accounting, Books, Business and Money, Corporate, Corporate Finance, Economics, Education and Reference, Finance, Labor and Industrial Relations, Political Science, Politics and Government, Politics and Social Sciences, Specific Topics, Subjects, Taxation, United States

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What do Wal-Mart, Dell, Fidelity Investments, Boeing, and Cabela’s have in common? They’re all a part of a $50 billion a year scam in which—in the name of “job creation”—corporations play states and cities against each and every other to win hefty taxpayer subsidies that robotically exceed $100,000 per job. But do they provide more jobs, higher wages, or improved living standards in exchange? Greg LeRoy exposes these deals for what they’re—no-strings-attached free rides for corporations that rarely create any new jobs. Actually, after securing these packages, many companies lay people off, pay poverty wages, or even relocate to other states.

This is the Great American Jobs Scam: a costly bait-and-switch that swindles communities in more ways than one. They lose jobs—or gain jobs so low-paying they do nothing to assist the community—they usually lose revenue through massive corporate tax breaks. That means fewer resources for maintaining schools, public services and products, and infrastructure.

LeRoy exposes corporations’ careful orchestration of this scam, dissects government and corporate mumbo-jumbo with plain talk, and offers commonsense reforms so one can give taxpayers powerful new tools to give protection to our communities.

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