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September 2012 Policy Study, Number 12-11

   

Orascom or OraScam? Corporate Income and Property Tax Reform Needed

   

Endnotes

   

 

[1] “State economic development board Oks $37 million in incentives for $1.3 billion fertilizer plan,” The Des Moines Register, February 17, 2012, <http://blogs.desmoinesregister.com/dmr/index.php/2012/02/17/state-economic-development-board-ok-37-million-in-incentives-for-1-2-billion-fertilizer-plan> accessed on May 2, 2012.
[2] “ENR Rankings 2012, Weitz Among Top 10,” The Weitz Company, <http://www.weitz.com/2012/09/enr-rankings-2012-weitz-among-top-10/> accessed on September 18, 2012.
[3] “Orascom incentives drawing new heat,” The Burlington Hawk Eye, September 25, 2012, <http://www.thehawkeye.com/story/Orascom-092512> accessed on September 25, 2012.
[4] “Orascom Construction Industries,” Homepage, <http://www.orascomci.com/index.php?id=home> accessed on September 17, 2012.
[5] “Orascom Construction to Build $1.4 Billion Fertilizer Plant in Iowa,” Dow Jones Newswires, September 5, 2012, <http://www.foxbusiness.com/news/2012/09/05/orascom-construction-to-build-14-billion-fertilizer-plant-in-iowa/> accessed on September 19, 2012.
[6] James Topham and Karl Plume, “Exclusive: Marubeni’s $5.6 billion Gavilon deal hits delay,” Reuters, August 23, 2012, <http://www.reuters.com/article/2012/08/23/us-marubeni-gavilon-idUSBRE87M05S20120823> accessed on September 21, 2012.
[7] “Gavilon,” Orascom Construction Industries, <http://www.orascomci.com/indea.php?id=gavilon> accessed on September 20, 2012.
[8] “OCI Beaumont,” Orascom Construction Industries, <http://www.orascomci.com/index.php?id=pandoramethanollllc> accessed on September 20, 2012.
[9] Tim Falconer, “Egypt’s Orascom buys Texas ammonia-methanol plant,” Market Watch, The Wall Street Journal, May 16, 2011, <http://www.marketwatch.com/story/egypts-orascom-buys-texas-ammonia-methanol-plant-2011-05-16> accessed on September 18, 2012.
[10] Phone interview with Jim Rich, President of the Greater Beaumont (Texas) Chamber of Commerce, September 24, 2012.
[11] “OCI Nitrogen,” Orascom Construction Industries website, <http://www.orascomci.com/index.php?id=ociagroocimelamine> accessed on September 20, 2012.
[12] “Orascom Telecom to pay dividend from Mobinil proceeds,” <http://www.medianet2.com/orascom-telecom-to-pay-dividend-from-mobinil-proceeds/> accessed on September 21, 2012.
[13] Dave DeWitte, “Branstad says $1.3-billion Lee County fertilizer plant would be largest investment yet in Iowa,” Business380.com, February 17, 2012, <http://business380.com/2012/02/17/1-3-billion-lee-county-fertilizer-plant-would-be-record-project-for-state/> accessed on May 5, 2012.
[14] Donnelle Eller, “More tax credits bring fertilizer plant to Iowa,” The Des Moines Register, September 6, 2012, <http://dmjuice.desmoinesregister.com/article/20120906/BUSINESS/309060043/1029/BUSINESS> accessed on September 19, 2012.
[15] Mike Hughlett, “CHS looking at $1B bet on fertilizer production,” Star Tribune, September 12, 2012, <http://www.startribune.com/business/169540816.html?refer=y> accessed on September 20, 2012.
[16] “Firm demand and project delays keep fertilizer markets tight,” Backgrounder, International Fertilizer Industry Association, June 13, 2012, <http://www.fertilizer.org> accessed on September 21, 2012.
[17] “Acreage,” United States Department of Agriculture, June 29, 2012, <http://www.usda.gov/nass/PUBS/TODAYRPT/acrg0612.pdf> accessed on September 25, 2012.
[18] “The Networker, updates from Senator Joe Bolkcom,” February 10, 2012, <http://joebolkcom.org/021012.html> accessed on September 25, 2012.
[19] DeWitte.
[20] “Meeting Minutes, February 17, 2012,” Iowa Economic Development Authority Board, <http://www.iowaeconomicdevelopment.com/documents/showdoc.ashx?idArticle=5428&ID=2> accessed on September 20, 2012.
[21] “Lee County, Iowa – Information and Fun Facts,” <http://www.leecounty.org/history.htm> accessed on May 5, 2012.
[22] “Lee County Labor Force Summary,” Iowa Workforce Development, April 2012, <http://www.iowaworkforce.org/lmi/laborforce/etables/area56.txt> accessed on May 7, 2012.
[23] “Historical Labor Force, Employment and Unemployment Data: 2009 Labor Force Data (Jan. Dec.),” Iowa Workforce Development, April 24, 2012, <http://www.iowaworkforce.org/lmi/laborforce/etables/historic2009/lastyear.htm> accessed on May 7, 2012.
[24] Donnelle Eller, “More Tax Credits.”
[25] Jonathan Miltimore, “Tax Increment Financing: Getting It Right,” Public Interest Institute, July 2008, <http://limitedgovernment.org/publications/pubs/studies/ps-08-6.pdf> p. 5, accessed on January 5, 2012.
[26] Peter S. Fisher, “Tax Increment Financing: A Case Study of Johnson County,” Iowa Fiscal Partnership, November 11, 2011, p. 1-2, <http://www.iowapolicyproject.org/2011docs/111121-TIF-JC.pdf> accessed January 10, 2012.
[27] David Swenson and Liesl Eathington, “Do Tax Increment Finance Districts in Iowa Spur Regional Economic and Demographic Growth?” Iowa State University, June 2002, p. 11, <http://americandreamcoalition.org/landuse/TIFsinIowa.pdf> accessed on January 10, 2012.
[28] Donnelle Eller, “More Tax Credits.”
[29] Donnelle Eller, “Businesses receive big boosts from Iowa Economic Development Authority,” The Des Moines Register, September 21, 2012, <http://www.desmoinesregister.com/article/20120922/BUSINESS/309220060/1124/comm02/?odyssey=nav%7Chead> accessed on September 25, 2012.
[30] Deborah D. Thornton, “Should Government Pick Winners?” Public Interest Institute INSTITUTE BRIEF, June 2012, Vol. 19, No. 16, <http://www.limitedgovernment.org/brief19-16.html> accessed on September 25, 2012.
[31] Donnelle Eller, “More Tax Credits.”
[32] Ibid.

 

   

 

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