Tax Breaks Threaten Remote Work If Cities Start Enforcing Them

Many tax incentives hinge on employees coming to the office. Officials are deciding whether to enforce them as downtowns bear the cost of hybrid work arrangements.

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Hasnain says:

“Critics of tax incentives to attract businesses say the durability of hybrid work should be a wake-up call for governments. “Maybe company-specific incentives aren’t the safest, lowest-risk form of investment here,” said Greg LeRoy, the executive director of Good Jobs First, a nonpartisan think tank that advocates for economic development accountability. “We would always argue that the better strategy is to invest in public goods that make a place sticky,” like infrastructure, education and amenities.”

Posted on 2023-02-22T04:53:44+0000