On Tuesday night, the Greenville County Council vote to approve tax incentives for Volvo. The carmaker has announced plans to build a plant in Greenville County. The tax breaks would require Volvo to invest 35 million in Greenville County over a 5 year period. The resolution will still have to come back to the council for a final reading. Two Greenville County men were on hand at the meeting to speak against the FILOT (Fee in Lieu Of Taxes) agreement for Volvo. One of them, Ed Paxton who cited his issues with Volvo being owned by a Chinese holding company. He urged the council not to allow tax breaks for foreign investments. Another man was there and cited data from research studies regarding FILOT agreements. His point was more statistically backed and cited examples that display that the tax incentives often don't generate the growth they are expected to. So today's question is should Greenville County stop giving tax breaks to foreign investments.
Should Greenville County stop giving tax breaks to foreign investments?
106.3 WORD Daily Poll

Volvo Website
By Rob JonesSep 21, 2022
Rob Jones
Rob Jones is an Upstate South Carolina native, raised in Oconee County. He is a graduate of the Broadcasting program at Tri-County Technical…
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