Maryland Businesses Call for Level Playing Field

Flaws in Maryland's tax code allow multi-state companies to avoid their fair share of in-state taxes. We're working to close these tax loopholes by passing combined reporting. If you own a Maryland business, please sign onto the letter below:

An Open Letter to Gov. O'Malley and Members of the Maryland General Assembly:

As members of the Maryland business community, we are writing in support of the proposals to restore fairness to business taxation in the state and to close corporate “tax loopholes”. We specifically refer to the provisions of the tax code which unintentionally allow some companies that operate across state lines to avoid their corporate income taxes, leaving other taxpayers to shoulder their burden.

We urge you to close corporate tax loopholes by passing “Combined Reporting”. Combined reporting prevents multi-state companies from shifting income between subsidiaries in various states as a way to avoid state taxes.

More than 50 percent of the United States’ economy is already covered by combined reporting. This year, New York, Michigan, and West Virginia approved the practice. Governors in Iowa, Massachusetts, North Carolina and Pennsylvania have also called for combined reporting.

Please level the playing field for in-state businesses and pass combined reporting this year.

Sincerely yours,