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Money

N.J. Senator Turner: 'Stop Handouts to Wealthy Corporations That Avoid Tax Obligations'

N.J. Senator Turner: 'Stop Handouts to Wealthy Corporations That Avoid Tax Obligations'
BY RICHARD McGRATH
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON — Senator Shirley Turner (D-Mercer, Hunterdon) has introduced a package of bills to prevent taxpayer funds from being used to subsidize companies that engage in corporate inversions, a tax-avoidance scheme where American businesses merge with foreign companies and shift their income overseas to avoid paying U.S. corporate tax rates. Senator Turner’s legislation would disqualify these businesses from receiving state subsidies and bar New Jersey’s pension fund from investing in them.

“The increasing trend of corporate inversions is not just a Washington problem; it’s a New Jersey problem, too,” said Senator Turner. “When multi-billion dollar corporations shift their income abroad to reduce their U.S. corporate tax rate, the state can no longer tax those corporate profits. Every other taxpayer must then pay more to make up for the lost revenue in order to maintain government services. It's no wonder the state can't meet its financial obligations. In New Jersey, we are exacerbating the problem by giving taxpayer-funded handouts to support these corporate tax dodgers. We should not reward corporations that have renounced their U.S. citizenship to avoid paying their fair share of taxes. It's unpatriotic.”

 

Powerball Numbers For Wed., Sept. 17, 2014 Worth $171M

Powerball Numbers For Wed., Sept. 17, 2014 Worth $171M
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

The Powerball jackpot remained without a winner on Saturday night, so that top prize is continuing to head upward.

Nobody won Powerball’s top prize for the tenth consecu...

Cryan Highlights Tuition Freeze Bill as Cornerstone of Higher Ed Reform Package

Cryan Highlights Tuition Freeze Bill as Cornerstone of Higher Ed Reform Package
BY JENNIFER SCIORTINO
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Assemblyman Joseph Cryan is looking forward to seeing the cornerstone of a 20-bill higher education reform package come before the Assemb...

Gaming, Gambling and Engagement: Where Is It All Going?

Gaming, Gambling and Engagement: Where Is It All Going?
BY JOE FAVORITO
SPECIAL TO NEWJERSEYNEWSROOM.COM

This past Sunday, three of the most read stories in the New York Times involved the growing and ever-changing world of gaming and gambling. From competit...

Powerball Winning Numbers for Wed., Sept. 10 Worth $127 Million

Powerball Winning Numbers for Wed., Sept. 10 Worth $127 Million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

No one hit the Powerball jackpot on Saturday, so that $110 million annuity prize is on the rise again.

Eight consecutive Powerball drawings have now gone by since the la...

Powerball Winning Numbers for Sat., Sept. 13 Worth $149 Million

Powerball Winning Numbers for Sat., Sept. 13 Worth $149 Million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Saturday’s multi-state Powerball jackpot is now all the way up to $149 million.

Powerball’s ninth consecutive drawing without a top prize winner brings that jackpot to i...

Carriage Taxes Were Just the Beginning

Carriage Taxes Were Just the Beginning
BY KYLE HUTCHISON
NEWJERSEYNEWSROOM.COM
NEWS HISTORY

On August 27, 1799, the Sentinel of Freedom contained an article about the enacting of the carriage tax passed by Congress in 1794.

The Centinel of Fre...

5 Reasons You Can Lose Job Over Bible Study

5 Reasons You Can Lose Job Over Bible Study
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Selling cars is a difficult business these days, and auto dealerships don’t exactly have the best reputations.

In New Jersey, at least one used car dealership is trying ...

Powerball Numbers for Saturday, September 6 Worth $110 Million

Powerball Numbers for Saturday, September 6 Worth $110 Million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

The Powerball jackpot looks like it’s on the move again, with no signs of stopping.

After the seventh consecutive Powerball drawing went by without a grand prize winner ...

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