Perrigo: Pay Your Fair Share
The Grand Rapids City Commission will soon consider granting Perrigo a twelve
year Industrial Facilities Tax exemption as well as a twelve year New Personal
Property tax exemption. These exemptions are entirely legal to apply for, but the city legislature has complete control over granting these exemptions.
These exemptions will benefit
Perrigo to the amount of $4.1 million in tax breaks. Of that money,
Grand Rapids itself will lose $800
thousand of property tax revenue.
Perrigo
is a multi-national corporation based in Ireland for tax purposes with a market cap of ~$5 billion. To
say that they cannot pay $4.1 million in taxes to the city and state
that hosts them is a slap in the face.
Please
consider adding your voice to the movement of people that want to make
companies pay their fair share in taxes. Contact the Commissioners and
tell them to vote against these tax exemptions, or reduce the time that
these tax exemptions are in place.
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East Grand Rapids, MI