Corporate secrets. Truth is bad for business. « Fred Klonsky

15 May

By Friday we will know how the corporate interests of the state of Illinois intend to try and screw teachers and other public employees out of their pensions.What we will not know is how much these corporations pay in income taxes.That’s because it is a secret as to how much public-held corporations pay in state income taxes.

And it will remain a secret unless Senate Bill 282 can get through the General Assembly.

Naturally, the corporations think this is a terrible idea. Bad for Illinois’s business climate they complain.It says something when transparency and truth is bad for business.And it is.

via Corporate secrets. Truth is bad for business. « Fred Klonsky.

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