Lobbyists provide a very high return on investment (ROI)…
http://www.news.ku.edu/2009/april/9/taxlobbying.shtml
KU News – Tax lobbying provides 22,000 percent return to firms, KU reseachers find
“LAWRENCE — Three professors at the University of Kansas have found that a one-time tax break allowed several multinational corporations to receive a 22,000 percent return on lobbying expenditures.
The study was conducted by Raquel Meyer Alexander, assistant professor of accounting; Stephen Mazza, associate dean of the School of Law; and Susan Scholz,associate professor of accounting and Harper Faculty Fellow. Mazza recently presented their findings at the Critical Tax Theory Conference, sponsored by the Indiana University Maurer School of Law in Bloomington.
A recent law change provided a tax break to the corporations by lowering their tax rate 85 percent on certain worldwide income. The professors examined the extensive lobbying around the law change and found that for each dollar spent on lobbying, a corporation received $220 in U.S. income tax savings…”
Blessed are the parents whose child says:
“I want to be a lobbyist when I grow up.
- OldTulsan
Did you already share this? No? Share it now:
