Are Philadelphia’s sports teams responsible for the city’s funding losses? Protesters today outside Pennsylvania Attorney General Jack Wagner’s office called for an investigation into Philadelphia sports teams that are incorporated in Delaware: the Sixers and the Flyers.
By incorporating in Delaware (much like their parent company, Comcast), the teams avoid paying state taxes. Today’s protest, led by Service Employees International Union local 32BJ, questioned how much Pennsylvania is losing by businesses that use the “Delaware loophole.”
Protesters say the lost money is partly responsible for funding cuts to the state and to Philadelphia.
Feed the Feed: Should Philadelphia sports teams (and other Pennsylvania businesses) be required to incorporate in the state?