Foley & Lardner LLP partner Lynn Gandhi is quoted in the Law360 article, “State & Local Tax Policy To Watch In 2023’s 2nd Half,” discussing a proposed plan to overhaul Detroit’s property tax system.
Gandhi said that the increased tax burden involved in the plan may give some potential developers pause when considering the purchase of vacant land.
“We have lots of vacant lots now,” she said. “Who’s going to buy them when the rate triples?”
Gandhi explained that the plan’s potential to increase taxes on businesses could be a sticking point during negotiations.
“From what I’m hearing from the business community in Detroit, there is very little support for this,” she added.
(Subscription required)
People
Related News
06 February 2025
In the News
Vanessa Miller Assesses Panama Canal Discourse
Foley & Lardner LLP partner Vanessa Miller commented in SupplyChainBrain article, "The Fight for Control of the Panama Canal," lending important context to the recent headlines over the important waterway.
06 February 2025
In the News
Gregory Husisian Weighs in on Suspension of De Minimis Trade Exemption
Foley & Lardner LLP partner Gregory Husisian offered context on President Trump's recent trade actions on China in The Wall Street Journal article, "Why Trump Is Closing a Trade Exemption for China."
04 February 2025
In the News
Andrew Wronski on Tariff Fluidity – 'Keep on top of the issues'
Foley & Lardner LLP partner Andrew Wronski assessed the evolving shift in U.S. trade policy in the Milwaukee Business Journal article, "Trump tariffs won't disappear — so how should Wisconsin businesses prepare?"