State groups to highlight tax havens at the Capitol
CHARLESTON (AP) — Several West Virginia citizens groups held a press conference in the state Capitol to highlight the findings of a recent study on the abuse of offshore tax havens.
By keeping or moving profits to low-tax countries overseas, corporations and individuals can avoid paying federal and state taxes on those profits.
The event on Wednesday publicized the effects of off shore tax havens on depleted state budgets.
The research by U.S. Public Interest Research Groups says that the federal government loses $150 billion and state governments lose nearly $40 billion in revenue every year to offshore tax shelters.
They estimate West Virginia’s share of those losses at $106 million annually.
41 former Hostess workers in West Virginia eligible for aid
CHARLESTON (AP) — Forty-one former Hostess Brands Inc. workers in West Virginia are eligible for federal re-employment assistance.
They are among about 18,000 workers laid off by Hostess in 48 states.
The U.S. Department of Labor says the workers are eligible to apply for Trade Adjustment Assistance because increased imports of baked products contributed to the layoffs.
Workers who qualify for assistance can receive case management and re-employment services, training in new occupational skills and other benefits.
Funding grants to preserve hundreds of acres of state farm, forestland
CHARLESTON (AP) — The West Virginia Outdoor Heritage Conservation Fund has approved grant funding for three projects protecting 566 acres of farm and forestland.
The funding total is just under $600,000. About two-thirds of that sum is going to the Pendleton County Farmland Protection Board to purchase a conservation easement on a 210-acre farm. The funding will help preserve caves that contain an imperiled crustacean.
The Greenbrier County Farmland Protection Board is receiving $138,275 to purchase an easement on a 95-acre farm adjacent to a stream threatened by commercial logging and a wind farm development.
Finally, $89,000 is going to the National Committee for the New River. It will be used to purchase an easement for land overlooking the Greenbrier River.
Pump prices spike 16 cents in a week
CHARLESTON (AP) — Like their counterparts nationwide, West Virginia motorists are paying significantly more at the pump this week.
AAA’s weekly Fuel Gauge found that state residents paid an average of 16 cents more for a gallon of regular unleaded gas this week compared to a week ago.
The auto club says a number of factors played a role — higher oil prices, refinery issues and the switch to summer-blend fuel.
The average price for a gallon of gas in West Virginia is $3.85.
That’s higher than the U.S. average of $3.74. Gas prices range from a low of $3.80 in Martinsburg to highs of $3.89 in Huntington and Parkersburg.