Lawmaker: Colleagues to Scrutinize Tesla DealSeptember 5, 2014
Joe Harpaz, head of ONESOURCE corporate tax, told the Associated Press that Nevada’s package of tax breaks and incentives to attract Tesla’s $5 billion lithium battery factory is a bold move.
“While history is littered with examples of government incentives for private companies that failed — Solyndra is probably the best recent example — we’ve also seen countless successes with well-executed tax incentive programs,” Harpaz said, pointing to BMW, Honda, Hyundai and Mercedes factories that have revitalized the manufacturing sector in the South. “The Nevada/Tesla program is a classic example of risk and reward: the bigger the risk, the bigger the potential upside and downside.”
To read more tax insights from Joe Harpaz, visit his blog for Forbes at:Back to Press Releases