In the News
Lobbying on Taxes Paid Off for Pfizer, HP, Kansas Study Says
Publication date: April 12, 2009
Source: Metro International
Metro International quoted Stephen Mazza, professor of law and associate dean for academic affairs, in a story about a study that Mazza conducted with two other University of Kansas professors. The study showed that a temporary tax break helped multinational corporations receive a 22,000 percent return on their lobbying expenditures.
Metro International wrote:
The study found that firms saved $220 in U.S. income taxes for every $1 they spent on lobbying for the 2004 measure. It looked at 476 companies that brought back more than $298 billion, including Pfizer and Palo Alto, California-based Hewlett-Packard.
"We should be concerned when a corporation's most lucrative investment is in lobbying the government for tax benefits," said Stephen Mazza, associate dean of the university's law school and one of the study's authors.
