Wednesday, November 14, 2012

IP/Memphis Negotiations

International Paper is not pushing for a 30-year tax break to stay and expand its headquarters in Memphis, but rather additional 15-year tax breaks on its existing and planned properties and even on corporate aircraft, according local officials briefed by company representatives.
The Fortune 500 company is considering having a fourth office tower built next door and just east of its headquarters at 6400 Poplar, Shelby County Commissioner Mike Ritz said Tuesday.