Wal-Mart Repays Incentives

April 28, 2009

Wal-Mart has paid the State of Ohio back $1.7 million for a tax incentive on an eyeglass plant that the retailer is now shutting down. The action underlines the usefulness of “clawbacks” of this kind that require companies to make good on the promises they make in winning state incentives or pay money back to the state.

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