Lawmaker: Colleagues to Scrutinize Tesla Deal

September 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.”

Read the full article on The Washington Post’s website

To read more tax insights from Joe Harpaz, visit his blog for Forbes at:

Back to Press Releases

In The News

Friday, March 4 Would you take tax advice from a robot?

Though you might not immediately think of it like this, consider tax software widely used in the market today. That software is technically a machine…

Thursday, March 3 Why Some Charities May Want to Re-Think Taking Government Grants

It seems everyone starts to feel a little more charitable around tax season. But as individuals trek into their accountant’s offices, donation receipts in hand,…

Friday, February 26 5 Reasons Why Cloud Technology Builds Stronger Client Relationships

If you’ve worked in the tax and accounting profession long enough, you know that strong client relationships are the foundation of a successful practice. As…