Apple supplier Foxconn denied tax breaks by Wisconsin - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Wisconsin just denied Apple's biggest supplier a huge tax break after the company failed to build a factory that promised to bring thousands of jobs to the state

But according to the Wisconsin Economic Development Corporation , the company has yet to employ the number of people required for Foxconn to receive the subsidies, per the report. The agreement stipulated that Foxconn would need to have at least 520 people under employment by the end of 2019 to receive the tax subsidies. Foxconn claimed to have hired 550 people, but according to the WEDC, only 281 of them meet the qualifications listed in the contract.

"The Recipients are ineligible for tax credits because of their failure to carry out the Project," the WEDC wrote in its letter to Foxconn, according to The Verge. "The fact that the Recipients have neither built, nor started to build or operate, the required Generation 10.5 TFT-LCD Fabrication Facility is not in dispute.

The company attempted to tweak its existing contract with the state to align with its updated plans, which would include a smaller factory and a much lower number of people employed there, but a revised deal was never made.as the administration was moving forward with its call to reenergize manufacturing on American soil.

Foxconn is the largest iPhone maker in the world. Its massive manufacturing facility in Zhengzhou, China — otherwise known as "iPhone City,"

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

2004 Chief Justice Roberts Rule Article II Power of President Superior to Seventeenth Amendment Section 1 in Article I Section 3 Enforced by Arrest Executive of the State Thereof. i.e. Governor Illinois

40 Years Covert/Overt Combat Middle East, 200 Ships Sunk, National Security Archive. Org FOIA The State of Virginia Misplaced The Dept of Energy 2020 Presidential Candidate! Virginia a Energy State? Ref: 1) Railroad Norfolk Southern 2) Coal Mines 3) Petroleum Distribution

Impeachment! Supreme Court Dissension Executed & Supreme Court Overturned 'House of Representatives Shall have Sole Power of Impeachment!' 'The Senate Shall try Impeachments Enforcing Precedent/Punishment by and with Advise of Laws Necessary and proper for inferior officers'

'Time, Content, Access Overruling Rules of Government, A Impeachable Code-Of-Conduct Under Title 10 USC.'

Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just a week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx

Lol thank God

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Airlines fine-dining restaurant inside aircraft sells out - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. why?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the investment portfolio of a millennial homeowner - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

12 states broke coronavirus-infection records this weekend - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It's really a THIRD wave if you look at US-wide cases Or it could be another attempt to manipulate the data and facts, just as is always the case with Business Insider. Why are you reusing the same photo from 3 weeks ago. Rinse and repeat fakenews
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 alternatives to the bar exam, from legal industry insiders - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hope this measures are extended to other professional bodies in America and not only the law bar exams.
Source: BusinessInsider - 🏆 729. / 51 Read more »

SUCCESS INSIDER: Management consulting, Daymond John, side hustles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. By cutting scheduled raises, and putting massive amounts of workload on 1st years.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump: Favor-seekers benefit after spending big at his businesses: NYT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »