Tagged: Detroit Regional Chamber

Business leaders in Detroit say they have a little more clarity now on Mayor Dave Bing’s proposal to boost the city’s corporate tax rate.

Bing wants to nearly double the tax – to one-point-nine percent – on C-Corporations. Those are companies that are incorporated. They tend to be larger businesses.

Sandy Baruah is the president of the Detroit Regional Chamber. He says C-Corps also tend to be the businesses that have been doing a lot of recent hiring in Detroit.