Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Maine has only 1.3 million people but at least 25 trillion gallons of drinkable water in its lakes and aquifers. Wilfong, a former state legislator, wants to turn that resource into cold cash. So he proposed a tax on large bottled-water operations that is set for a ballot referendum next year. Maine is one of several states where activists are challenging the $10 billion U.S. bottled-water industry. Declares Wilfong: "We're just saying, This water is not free...
...billion in bottled-water sales, is the largest bottled-water company in the U.S., and it's at the center of a water war on several fronts. As owner of Poland Spring, which uses 500 million gallons of Maine water a year, Nestlé could owe $96 million in tax each year if Wilfong's proposal is passed. "His mission is misguided," says Kim Jeffery, CEO of Nestlé North America, which now pays only for the land where the springs are found. In response to a new tax, he says, Nestlé would cancel a planned new plant, costing the state...
...After the environmental hurdles were cleared, the site again became a point of contention after Harvard’s purchase, since Watertown residents feared the loss of tax revenue that would result. But in late 2002, the University negotiated a lucrative deal with the town, paying millions each year to compensate for taking commercial property off the tax rolls...
...nonprofit educational institution, the University is exempt from property taxes. Because Harvard’s acquisition of the Arsenal would remove the land from the tax rolls, Watertown faced the prospect of losing a substantial amount of revenue—one-third of its entire commercial tax base—from a site that it had spent a decade redeveloping...
...order to address the concerns of the community, Harvard entered into negotiations regarding a “payment in lieu of taxes” (PILOT), an annual sum given to the town to compensate for the lost tax revenue, similar to the arrangement that Harvard has with Cambridge and Boston...