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Marketplace focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. It is noted for its accessible coverage of business, economics and personal finance.
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Marketplace

Marketplace focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. It is noted for its accessible coverage of business, economics and personal finance.

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Taxes

The Philadelphia skyline is pictured at dusk in May 2020.
PlanPhilly
Urban Planning

Philly’s real estate tax early-bird discount canceled

This tax season, Philadelphia isn’t offering the 1% discount on real estate taxes for early payment that it has given in years past.

5 years ago

Pennsylvania Gov. Tom Wolf
Keystone Crossroads
Politics & Policy

Wolf pitches massive attempt to fix Pa. school funding inequities with income tax hike

Wolf’s fiscal plan is winning him plaudits from education advocates but few friends in the GOP-controlled legislature, who see a tax increase as a “non-starter.”

5 years ago

Pennsylvania Gov. Tom Wolf addresses the media while wearing a face mask
Politics & Policy

Wolf seeks big increase in Pa. school funding, tax increase

Under the plan for the fiscal year beginning July 1, Wolf will ask the Republican-controlled Legislature for what could approach $2 billion extra for public schools.

5 years ago

Developments on the Camden waterfront, like the American Water corporate headquarters and the 18-story Camden Tower, receive substantial local tax breaks in addition to state tax incentives. (Emma Lee/WHYY)
Money

Murphy approves $14 billion N.J. tax break program amid opposition

It is full circle for Gov. Phil Murphy, who began his tenure with an investigation into the tax break scheme started under his predecessor, former GOP Gov. Chris Christie.

5 years ago

The capital dome is seen at the New Jersey Statehouse. (Mel Evans/AP Photo)
Politics & Policy

N.J. lawmakers push through $11.5 billion tax break overhaul, to the chagrin of advocates

Full floor votes are set in the Senate and Assembly Monday – less than a week after the bill was introduced and 1 ½ years since the last programs elapsed.

5 years ago

City Council President Darrell Clarke announced the Neighborhood Preservation Initiative in Philadelphia’s South Kensington neighborhood.
PlanPhilly
Urban Planning

Philly passes first-ever development impact tax, delays abatement reductions for another year

The new revenue generated by the 1% tax on residential development is intended to send millions of dollars towards new affordable housing projects.

5 years ago

President-elect Joe Biden, right, embraces his son Hunter Biden, left, Saturday, Nov. 7, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik, Pool)
Courts & Law

Hunter Biden facing federal investigation over ‘tax affairs’

Hunter Biden has long been a target of President Donald Trump and his allies, who have accused him of profiting off his political connections.

5 years ago

Construction workers on the job at 19th and Reed streets in South Philadelphia in March 2020. (Kimberly Paynter/WHYY)
PlanPhilly
Urban Planning
Broke in Philly

Philadelphia moves toward creating a new construction tax and delaying abatement change

City Council is close to an agreement on a bill that would create a new tax on residential construction and push back a change to the city’s controversial development subsidy.

5 years ago

Philadelphia parking garage
PlanPhilly
Urban Planning
Eyes on the Street

Why Mayor Kenney must defend Philly’s parking tax

City Council passed a bill lowering the city’s parking tax. The move would roll back progress on meeting city goals and generating revenue at a time of financial crisis.

5 years ago

The Municipal Services Building in Philadelphia (Google Maps)
Courts & Law

Three former Philly revenue dept. employees facing bribery charges

Philadelphia residents Jarredd McQueen, Demarys Natal and Nicole Mixon are being charged with allegedly soliciting and accepting bribes totaling an estimated $57,900.

5 years ago

Capitol in Harrisburg
Politics & Policy
Spotlight PA

Feds reject Pa.’s plan to spend up to $300M in stimulus money for school property tax relief

School districts are still owed millions and have already passed budgets and set tax rates, putting more pressure on lawmakers in Harrisburg to come up with a solution.

5 years ago

Construction at 1324 Frankford Avenue in Fishtown.
PlanPhilly
Urban Planning

This election reveals why Philadelphia’s neighborhoods need a construction impact tax

A construction impact tax could support small businesses, job growth and affordable housing for those who need it the most in Philadelphia.

5 years ago

President Donald Trump
Politics & Policy

NY Times: Tax records show Trump tried to land China projects

China is one of only three foreign nations — the others are Britain and Ireland — where Trump maintains a bank account, according to a Times analysis of Trump's tax records.

5 years ago

President Donald Trump speaks during an event in the Rose Garden
Courts & Law

Appeals court: Trump must turn over taxes to prosecutor

A district court judge had rejected renewed efforts to invalidate a subpoena that the office of Manhattan District Attorney Cyrus Vance Jr. issued to Trump’s accounting firm.

5 years ago

Philadelphia skyline
PlanPhilly
Urban Planning
Eyes on the Street

How a land value tax could make Philadelphia a more equitable city

By implementing a land value tax, Philadelphia could alleviate tax burdens on its most at-risk populations and help the city’s economy.

5 years ago

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