Retailers are pushing an ominous sounding tax-cutting tactic called “
For tax collectors, the theory is no idle threat. Merchants argue that the capacious stores of yesteryear are less valuable as e-commerce rises. Under this reasoning, according to S&P Global Ratings, even new stores are obsolete because they aren’t suitable for future tenants -- and therefore should be taxed less.
Instead of using factors like construction cost or income produced, dark-store acolytes say that buildings should be valued by comparing them with ...