Tax breaks: Are they effective?

Corporations are getting $626 million in tax breaks, but their effectiveness can’t be verified.

Share this article!

Oregon corporations will receive a total of $626 million in tax breaks this biennium.

Yet a nonprofit advocacy group says the effectiveness of the subsidies can’t be verified, and also concluded that corporate tax breaks have less transparency and accountability than other forms of government spending.

“Tax subsidies are created with particular policy goals intended, but for the most part we can’t assess if those goals are being reached,” said Jon Bartholomew, policy advocate for Oregon Public Interest Group, which released a report on the tax breaks.

The group also has compiled a searchable spreadsheet, available on its Web site, detailing the tax breaks. OSPIRG used data from the biennial state Tax Expenditure Report to create the site.

Read the full story at Statesman Journal.

{biztweet}Oregon corporate tax breaks{/biztweet}

Latest from Oregon Business Team