CVS nabs 40% of R.I. business tax breaks

THE STATE GAVE CVS Caremark tax breaks for, among other reasons, adding jobs and locating stores in distressed areas. /
THE STATE GAVE CVS Caremark tax breaks for, among other reasons, adding jobs and locating stores in distressed areas. /
PROVIDENCE – CVS Caremark Corp. received nearly 40 percent of the $33.12 million in business tax credits that the state handed out during the fiscal year that ended June 30, according to a new report. In all, 88 businesses received one of the six types of tax breaks allowed by state law between July 1,…

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1 COMMENT

  1. Just Curious. Does the state know what the Economic multiplier effect this has. If people are employed, don’t they spend on items like houses, clothing, and food. How much in income tax do they pay? How much in property tax? How much in sales tax?

    Economic incentives are not total give aways