NPR logo

'SILO' Tax Shelters Draw New Scrutiny

  • Download
  • <iframe src="https://www.npr.org/player/embed/1781272/1781273" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
'SILO' Tax Shelters Draw New Scrutiny

Business

'SILO' Tax Shelters Draw New Scrutiny

'SILO' Tax Shelters Draw New Scrutiny

  • Download
  • <iframe src="https://www.npr.org/player/embed/1781272/1781273" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federally sanctioned tax shelters known as "SILOS" allow private corporations to buy municipal facilities and lease them back to cities. The tax breaks drain the federal treasury of more than $30 billion a year. Current policy allows transcations and tax savings in at least a dozen U.S. cities. NPR's John Ydstie reports.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.