A state government offered a German solar research company a tax break if it located its U.S.headquarters in that state because of the new jobs that would be created.Unfortunately, problems occurred, resulting in little company growth and few new jobs.As a result, the state instituted a ______ by rescinding the tax breaks.

Question

Quizplus · Accepted Answer

If a community gives a company tax breaks in return for the promise of new jobs and the firm fails to do so, the community may do clawbacks, which means rescinding the tax breaks when firms don't deliver promised jobs.

A State Government Offered a German Solar Research Company a Tax