Two Corporate Tax Loopholes, Two Commonsense Fixes

Back • Publication Date: March 8th, 2012

Authors: Wade Gibson, J.D.

Downloads: Download #1

There are two large, but simple to fix loopholes in the state corporation business tax. As this brief fact sheet outlines, two commonsense reforms — mandatory combined reporting and the throwback rule — would close these loopholes, as well as improve fairness towards small businesses, stop rewarding intentional tax avoidance, and generate needed revenues.