Columbus OKs $54.three million tax break to thriller firm

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The city council has approved additional tax breaks of $ 54.3 million, this time as a gift to a Fortune 100 company called ______.

I can’t tell you which one. It’s a secret.

If this town’s addiction to corporate tax breaks hasn’t driven you crazy by now, maybe it will be: the fact that you pay your property taxes year after year while a corporate giant gets a treasure deal, and so does Harry Potter’s cloak of invisibility.

The latest deal includes A data processing center to be built on part of the former Hartman Farm property on South High Street (Route 23) on the Far South Side. In return for the $ 54.3 million lower property tax over 15 years, the local school district would receive $ 9 million in compensation from the contractor and the city would deduct $ 750,000 in income tax.

The data center will create 20 full-time jobs, underscoring that data centers employ more computers than people.

Theodore Decker

But who is the employer of this particular computer? Lawyers only said it was a “Fortune 100 company” or one of the top 100 best-selling companies in the US. So you know they really need to be squeezed for cash.

The Fortune 100 list includes desperate companies on the verge of financial collapse and where tax breaks are their only chance of survival. Some of the companies in need: Walmart, Amazon, and Exxon Mobil. Apple and Alphabet, the parent company of Google. Microsoft and General Motors.

Big Pharmas Pfizer and Johnson & Johnson are also there and aren’t allowed to make a red cent these days.

More:This is what Covid vaccines are worth to big pharma

The company that receives the $ 54.3 million tax break is listed only as Magellan Enterprise LLC, a Shell company incorporated in Delaware (the state of tax havens, not the city / county of Ohio) in 2018 .

The attached address and documents filed with the Ohio Secretary of State connect Magellan with CSC, a Wilmington, Delaware-based company that describes itself as “the global leader in corporate, legal, tax and digital Branded services for companies around the world “denoted Globus.”

“We’re the unwavering partner for 90% of the Fortune 500,” the company boasts on its website. “We are the business behind the business.”

The “business behind the business” seems a fitting descriptor of the way the people of Columbus do business, where our elected officials like to toss the word “transparent” around in wanton disregard for its definition.

The city council and Mayor Andrew J. Ginther’s government are making the same tired excuses as to why tax breaks are necessary and why those who oppose it are uninformed fools like yours or Joe Motil. a former city council candidate and longtime critic of the city’s tax break habit.

On Monday, Motil dragged himself before the council again to shout the truth in the void.

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“Tax breaks are directly related to poverty, housing discrimination, increased homelessness, racism, disproportionate taxpayer spending on selected areas of Columbus, foreclosures and economic segregation,” Motil said in his remarks.

Proponents of the practice resort to tact, but tax breaks like this are nothing more than handouts for the already wealthy. They come straight from the Guide to Good Government as written by J. Wellington Wimpy.

You older folks may remember Wimpy, the admittedly bright, constantly hungry, and undoubtedly weasel-like character from the Popeye comics who always promises to pay for today’s Tuesday lunch. The problem was that he never came around on Tuesdays.

Columbus is the city of dreams for Wimpy. Give him a nice suit and a fancy title at the helm of a Fortune 100 company and he’d work with the best.

President-in-Office of the Council Shannon Hardin: Mr Wimpy, we would like to thank you for coming before the Council this evening. We appreciate your interest in our city, and your promised contributions in the years to come will make Columbus a better place for everyone. We know that you are a man of your word when you say that in the future we will see our return on our investment.

Wimpy: Thank you very much, Mr. Hardin. You and your colleagues are wise beyond your years. Your generosity is only dwarfed by your good looks.

Hardin: We are ready to offer you $ 54.3 million in tax breaks over the next 15 years.

Wimpy: Fifty-four million dollars? I just wanted a hamburger!

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@ Theodore_Decker