'SILO' Tax Shelters Draw New Scrutiny 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.
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'SILO' Tax Shelters Draw New Scrutiny

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'SILO' Tax Shelters Draw New Scrutiny

'SILO' Tax Shelters Draw New Scrutiny

'SILO' Tax Shelters Draw New Scrutiny

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  • <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.