Layoffs fuel debate on tax breaks

It is time to reconsider the relevance and  importance of state tax credits. To restore confidence in government we need to push for transparency on the way we conduct and invest tax revenues in sectors and companies such as this one:

Natick-based Boston Scientific's plan to cut up to 1,400 jobs underscores the need for better oversight of the tax breaks that businesses receive, state Sen. Jamie Eldridge said.

The problem is that Massachusetts has created various tax credits, Eldridge said, but the state and communities aren't gathering enough information about how companies are following through. "Even the Department of Revenue doesn't know if they're living up to their promises," he said. [Full Article: Wicked Local - Milford Daily News]