Tax and Budget News
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11/19/2007
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Corporate tax loopholes will likely gape even wider in coming years as a result of this special session. When lawmakers raised the corporate income tax rate by 1 percent but failed to close loopholes, they gave multi-state companies even more incentive to transfer profits out-of-state. |
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11/15/2007
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This year many U.S. states have launched what they call “Google Government” by using the Internet to make accessible detailed information about where tax dollars go and who gets government contracts and subsidies. A new report highlights how far Maryland lags behind the forefront of this national trend. |
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09/28/2007
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Business leaders from across the state are calling for closing of tax loopholes in support of Gov. O’Malley’s announcement to close tax loopholes as part of the larger budget proposal. |
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07/03/2008
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With Massachusetts Monday approving legislation to close corporate tax loopholes, a majority of the U.S. economy has now adopted a tax reform that was still considered controversial only a few years ago. |
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