Goshen News, Goshen, IN

Opinion

February 10, 2014

MAUREEN HAYDEN: Maybe Indiana should look overseas

Gov. Mike Pence has spent months pushing the idea of repealing the tax on business equipment that provides $1 billion a year to schools, libraries and local governments. He’s yet to come up with a plan to replace those lost tax dollars.

Pence argues that freeing businesses from the burden of taxes on their equipment will spur growth. That, in turn, will lead to prosperity that will boost the fortunes of local communities.

Elkhart County Commissioner Mike Yoder has another idea. To replace the tax revenue lost by the locals, the state should go after dollars lost to offshore tax havens used by businesses.

“Why aren’t we recouping some of that tax revenue?” Yoder said. “The state could go after that money and turn it over to the locals as replacement revenue.”

It’s a question asked only half in jest. According to a new report published in Governing magazine, state governments failed to collect more than $20 billion in taxes in 2011 from corporations that socked away money in the Cayman Islands and other well-known tax havens.

The report, by the U.S. Public Interest Research Group, identified 31 states that saw more than $100 million in corporate tax revenue go uncollected in 2011. Indiana is one. According to the report, it lost $463 million to offshore tax havens.

Only two states, Montana and Oregon, have passed laws to recoup some of that money, by requiring companies to report profits from subsidiaries in foreign countries known for their tax-dodging loopholes. The PIRG report speculates on one reason that more states haven’t moved: Well-funded business groups employ ample resources to oppose tax reforms.

Whatever is behind Indiana’s losses to offshore tax havens, the proposal from Yoder is compelling for another reason.

The county commissioner is a fiscally conservative, business-supporting Republican — just like the governor. He too wants to see prosperity return to his community, which was hit hard by the recession that cut deeply into his county’s manufacturing economy.

Text Only
Opinion
  • Chicken-keeping ordinance not the best, but it's a start The first ever Goshen chicken-keeping ordinance is restrictive and limited, but it is a start. After weeks of discussions, debate and resurrection, the chicken-keeping ordinance was approved Tuesday on a 4-3 vote by the City Council. As written, the

    April 17, 2014

  • MORTON MARCUS: The truth behind Indiana’s economic condition is often unwelcome Jim Feelwright greeted me warmly as I entered the room: "Well, here he is, Mr. Negative." Since it was a friendly meeting, I borrowed a famous line from the movies: "You can't handle the truth." "You," he said, "just don't want to see what's rea

    April 16, 2014

  • Only you can prevent grass and field fires Maybe you can feel it in the air, too. We at The Goshen News are cheered by the much-awaited, and welcome, return of spring. The greenery makes us glad. Seeing runners and bicyclists -- many in shorts, no less -- reminds us that we need to kick our e

    April 13, 2014

  • Church ministry reaches out to local renters One of the highest hurdles a low-income family has to overcome is finding a decent place to rent -- and the good news is there is more help available for Goshen families struggling with that issue. Working in partnership with the Goshen Housing Autho

    April 10, 2014

  • GN140404 goshen college OUR VIEW: Goshen College is no waste in our book Last week the website www.policymic.com published an article titled, "These 10 Colleges Are the Biggest Waste of Tuition Money in the U.S." Their source of data for the post was from www.payscale.com, which used self-reported salary information from

    April 6, 2014 1 Photo

  • GN140401 Goshen City Hall OUR VIEW: Chicken keeping in Goshen shouldn't be so complex Aproposed ordinance that would allow Goshen residents to keep hens on their property is back. City council members voted down the measure at their March 18 meeting, but at their session this past Tuesday approved a motion to reconsider an amended ver

    April 4, 2014 1 Photo

  • MORTON MARCUS: Indiana Statehouse likely would have thrown water on Noah’s ark The new movie about Noah and his ark, combined with the antics of the Indiana General Assembly, led me to setting the fabled story here in the Hoosier state. We would need an acceptable name for Noah's wife. Naamah is her name in the movie, but schol

    April 2, 2014

  • GN140330 bbb wv state champ 67 OUR VIEW: Westview 's run makes us proud Inside Bankers Life Fieldhouse in downtown Indianapolis early Saturday afternoon, the folks from Westview High School in western LaGrange County proved that they belonged. They proved it on the basketball court, they proved it in the stands and they

    April 2, 2014 1 Photo

  • Tough to gauge Pence's impact INDIANAPOLIS -- When Gov. Mike Pence signed the new preschool pilot program into law last week, he heaped praise on a bipartisan group of lawmakers who gathered around him at the DayStar Childcare Ministry in Indianapolis. The new law creates a pilot

    March 31, 2014

  • GN140328 martins press conference 01 OUR VIEW: Sadness and mystery cloak Martin's shooting Not much new information emerged from a press conference this week at the Elkhart County prosecutor's office. What did emerge was welcome news, no doubt, for the Elkhart Police Department. Prosecutor Curtis Hill announced his findings that the action

    March 30, 2014 1 Photo

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video
Disbanding Muslim Surveillance Draws Praise Hundreds Missing After South Korean Ferry Sinks Passengers Abuzz After Plane Hits Swarm of Bees Boston Bomb Scare Defendant Appears in Court Pistorius Trial: Adjourned Until May 5 Diaz Gets Physical for New Comedy Raw: Ferry Sinks Off South Korean Coast Town, Victims Remember Texas Blast Freeze Leaves Florida Panhandle With Dead Trees At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict? Raw: Fatal Ferry Boat Accident Suspicious Bags Found Near Marathon Finish Line Boston Marks the 1st Anniversary of Bombing NYPD Ends Muslim Surveillance Program 8-year-old Boy Gets His Wish: Fly Like Iron Man Sex Offenders Arrested in Slayings of CA Women India's Transgenders Celebrate Historic Ruling Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge
Poll

Goshen City Council member Dixie Robinson is asking residents to make an effort to clean up their yards this spring. The city’s Dial-A-Truck program is available to haul trash away. Do you think there are more unsightly properties in Goshen this year than five years ago?

Yes, I have noticed more problem properties
No, I have not noticed more problems
I think the problems are about the same as always
     View Results