Philadelphia City Hall. Photo: Diego M. Radzinschi/ALM 'A Step in the Right Direction': Law Firm Leaders Find Promise in Phila. Tax Cuts
The cuts to the city's business income and receipts tax and wage tax are minor, but they suggest political leaders recognize the need to present a more business-friendly environment.
June 16, 2023 at 08:00 AM
4 minute read
Tax
Philadelphia has announced cuts to its business and wage taxes, leaving local law firm leaders optimistic about the long-term impacts on their firms should the city continue to cut taxes and pursue further economic growth, but dismissive of any immediate benefits.
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