Unions rip Comcast over tax loophole

http://thetimes-tribune.com/news/regional-briefs-4-28-2011-1.1138752#axzz1KsKD4x4s

Published: April 28, 2011

DUPONT - State and municipal union workers protested outside a Comcast office on Wednesday over a tax loophole that allows companies like the cable television provider to not pay corporate income taxes.

Demonstrators said the so-called "Delaware loophole," in which Pennsylvania companies can incorporate in Delaware to avoid paying corporate income taxes, shortchanges the state from much-needed revenue that can be used to offset proposed cuts this year in funding for education and social-service programs.

Comcast Corp. is based in Philadelphia but has subsidiaries incorporated in Delaware, according to financial filings posted on its website.

A Comcast spokesman declined to comment.

Similar protests, organized by SEIU Local 668, were held in eight other cities across the state, union spokeswoman Leah Wright said.

I'm curious...

Has to do with corporate law and governance according to the law profs.

a $1000 toll for Delawarians trying to leave the state. All those tolls.

JK

Not being allowed to skate because they have a P.O. box in Delaware or the Bahamas.