Ohio to review if Wal-Mart reneged on tax deal

[NNN0LHI]

http://www.google.com/hostednews/ap/article/ALeqM5jqjdhOwROmoXV5eG8tJCf7719zPAD9774JJ01

1 day ago

COLUMBUS, Ohio (AP) — Economic development officials in Ohio say they will check whether Wal-Mart Stores Inc. violated terms of a tax agreement by closing an optical lab near Columbus.

Ohio gave the world's largest retailer a $1.8 million job-creation tax credit in 2001 on the condition that the company create and maintain jobs there.

Wal-Mart on Friday announced that it will close the lab, cutting 650 jobs. The lab makes eyewear for vision centers in Wal-Mart stores.



Who wants to guess where these jobs are going?

[RB TexLa]

1. You know Louisiana gave GM some huge tax cuts to keep jobs, shit we can get that money from them now

[gratuitous]

2. Well, no problem

I'm 100% sure that the good burghers of Ohio wrote in some iron-clad penalties for Wal-Mart that will make Wal-Mart's decision so prohibitively expensive that Ohio will realize a huge windfall to its tax coffers, and the people will rejoice.

Right? 100% sure.

Just like I'm 100% sure that the purple kangaroo singing a medley of "Ave Maria" and "Shake, Shake, Shake (Your Booty)" in the corner of the room is real.

[sinkingfeeling]

3. According to local news this morning, WM is moving the work back to the lab here in Fayetteville, AR