Group Blasts Honeywell for Allegedly Exploiting Tax Loopholes

New Jersey Citizen Action wants the federal government to eliminate loopholes that allegedly allow Fortune 500 companies to stash billions of dollars away offshore.

Small business owners and advocacy groups are urging the Senate to approve a budget plan that closes corporate tax loopholes. According to New Jersey Citizen Action, Fortune 500 companies like the Morris-based Honeywell Inernational exploit loopholes in the tax law that allow them to stash billions of dollars in offshore profits overseas. Citizen Action reported Monday that Honeywell reported a $3.5 billion increase in its offshore profit holdings in 2012. The report also states that Honeywell paid a 2 percent “federal effective corporate tax rate from 2008 to 2011 while placing $11.6 billion in profits offshore in 2012." Citizen Action and other business watch dog and advocacy groups held a press conference in Elizabeth Monday to discuss …

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Rob Burke

12:21 pm on Monday, March 25, 2013

@Ed: I would be thrilled to :pay" Honetwell's negative effective tax rate and grab my chunk of $40 Million of corporate welfare from YOUR TAX DOLLARS! Wouldn't you love to get that deal? I bet we all would. But that's not gonna happen, is it? Truth be told, the first problem is that government is too expensive and that's what our taxes fund. One solution is to crack down on government corruption…   more ›

Honeywell Move Shocked Township, Report Says

Litigation against Morris Township over zoning change expected to continue.

Morris Township officials were shocked when they were notified by Honeywell hours ahead of  the company's announcement Tuesday that it was moving its global headquarters to neighboring Morris Plains, according a Morris NewsBee report. Township Mayor Peter Mancuso, who has said the Fortune 100 company's plan to leave for neighboring Morris Plains in 2015 was "deeply disappointing," noted during Wednesday's Township Committee meeting Honeywell will maintain a building on the 147-acre site that houses its corporate technology center and lab and flight operations, the report says. Michele Demarest of Citizens for Better Planning in Morris Township told the newspaper she expects litigation against the township over the zoning change will …

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Steve Lipsky

9:05 am on Tuesday, March 5, 2013

Marta, I'm not sure but I believe that 75' from building to property line is the law. That wasn't changed for Honeywell. However, that is not the issue. Prior to the rezoning, I had the right to not have residential property behind my home and Honeywell did not have the right to sell to builders to build residential there. Honeywell's property was zoned office/lab space. The rezoning changed all …   more ›

Honeywell Moving From Morris Township to Morris Plains

Company plans to leave its global headquarters of more than 50 years for new location in neighboring town.

Late-Night Phone Call Issue Referred to Superior Court

Ethics board decides questions regarding Deputy Mayor Bruce Sisler's controversial phone call to a resident are better suited for the courtroom.

After a four-month wait, the Morris Township Board of Ethics has decided not to address whether or not a late-night phone call from Deputy Mayor Bruce Sisler to a township resident that included cursing was appropriate. Instead, the board has referred the matter to the state Superior Court, where a current lawsuit from the same resident has been filed, according to NJ.com. The phone call, which was made after midnight on Aug. 3 to resident Lee Goldberg, was recorded, with portions of it posted on Youtube. The video of the call is 12 minutes long and the discussion pertains to what Goldberg believes to be a conflict of interest on part of Sisler voting in favor of the Honeywell redevelopment project. Sisler is employed by state Assemblyman …

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Home Generator Information Session Set for Monday

Free seminar to be held at 5:30 p.m. Dec. 3 and Morris Township Municipal Building.

It happened on multiple occasions within about a year. No doubt, it's going to happen again. Power outage. With Sandy most recently knocking out electricity for many people in this area, some for nearly two weeks, more and more have opted to pick up a generator to ensure they're not left in the dark for too long. But, how to use it? Morris Township, partnering with Generac and Honeywell, are hoping a free information seminar, to be held Dec. 3 at 5:30 p.m. at the Morris Township Municipal Building, will help get people up-to-speed on how generators can keep residents powered up even amidst one of the most damaging storms in the history of the East Coast. "If you are interested in learning more about the different types of home generators …

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Township 'Fortunate' to Have Honeywell as Neighbor, Committeemen Say

Scott Rosenbush and Bruce Sisler among those who voted earlier this month to allow Honeywell to use part of its 147-acre campus for townhouse development.

To the Editor: The Morris Township Committee recently passed an ordinance that would allow Honeywell Corp. to use part of its property for townhouse development. There was an exhaustive and thoughtful public review process for this proposal at the Planning Board level, which voted unanimously to recommend mixed use on this property. We want to share with you our thoughts about the Honeywell plan and our reasons for supporting it as members of the Morris Township Committee. Honeywell is the largest taxpayer in Morris Township and an employer of over 1,000 people. Its economic impact on the Township and region, however, is extensive, and the number of people whose livelihoods depend upon Honeywell includes hundreds, if not thousands more. …

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Rob Burke

6:23 am on Sunday, October 28, 2012

That's too funny! Tragic though, that no one is defending Sisler or explaining why the sanctity of the public trust doesn't demand his permanent ouster. Not Rosenbush, not any family member of Sisler, not Mancuso, not Caffrey, not Bucco Sr., not Honeywell, not Bucco Jr. No one. Not even Sisler himself.   more ›

Township Did its Job Regarding Honeywell, Committeeman Says

Daniel Caffrey responds to recent 'Letter to the Editor' submitted by fellow Morris Township committeeman, Jeff Grayzel.

To the Editor: I recently read Morris Township Committeeman Jeff Grayzel’s Letter to the Editor regarding the “Honeywell Vote.” It is unfortunate that Mr. Grayzel uses terms like “rigged” and alleges that “politics won” in his description to the community on such an important issue. And these terms say more about the individual who writes them than about the community in which he lives. The Morris Township Committee has been following the Honeywell redevelopment proposal for more than two years. It is unquestionably the biggest issue the Township had to confront in decades. We watched the process during the planning board debates; we toured the Honeywell property to learn about the changes that are being planned; and we always hear from …

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Honeywell Vote 'Lost Opportunity to do Better Job'

Morris Township Committeeman Jeff Grayzel was the only 'no' vote on Oct. 1 rezoning of Honeywell's 147-acre corporate campus.

To the Editor:  Last week, the Honeywell Redevelopment hearings came to an end with a middle-of-the-night vote at 1:30 a.m. by the Township Committee. The process appeared rigged because the Mayor refused to let anyone go home even though we had another special meeting on the topic tentatively scheduled for two days later. The rushed process was yet another indication of the politically-motivated proceedings, given the upcoming local election and pending ethics hearings on a fellow Committeeman (Bruce Sisler). Since most residents missed what happened in the wee hours of that morning, I am writing this open letter to our residents to share my perspective on what transpired as well as to inform residents of my efforts to improve the …

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