The city government of Pleasantville promised significant tax breaks to a large retailer if it opened a store in Pleasantville, which would result in nearly 200 new local jobs. However, the retailer decided that it would staff the new Pleasantville store with employees from its other stores, meaning no new jobs were created. As a result, the city of Pleasantville instituted clawbacks by
A. increasing the tax breaks offered to the retailer.
B. forcing the retailer to pay large fines.
C. rescinding the tax breaks given to the retailer.
D. boycotting the retailer.
E. forcing the retailer to unionize.
C. rescinding the tax breaks given to the retailer.
If a community gives a company tax breaks in return for the promise of new jobs and the firm fails to deliver on its promises, the community may institute clawbacks, which means rescinding the tax breaks when firms don't deliver promised jobs.
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