Wisconsin taxpayers could pay Foxconn for work done outside of Wisconsin, audit warns for 2nd time
MADISON - The new leader of the state's jobs agency is pledging to withhold state tax credits from technology manufacturing giant Foxconn for employees who don't work in Wisconsin — but a new state audit shows the agency's procedures leave the door open.
For the second time in as many years, the nonpartisan Legislature Audit Bureau is warning the Wisconsin Economic Development Corp. to change its procedures to ensure taxpayers don't end up paying for work that doesn't benefit the state economy.
Foxconn struck a deal in 2017 with state lawmakers to build a $10 billion LCD panel manufacturing facility in southeastern Wisconsin in exchange for $3 billion in state incentives.
The project — once hailed by President Donald Trump as the "eighth wonder of world" — has since been scaled back, but the state's contract with the company hasn't changed.
Read more: https://www.jsonline.com/story/news/politics/2019/12/17/foxconn-wisconsin-taxpayers-could-pay-work-done-outside-wisconsin/2674915001/