PA. Needs to Close the Delaware Loophole that allows most major corporations to avoid PA. co. taxes

JPZenger

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Mon May-02-11 01:22 PM
Original message

PA. Needs to Close the Delaware Loophole that allows most major corporations to avoid PA. co. taxes

Edited on Mon May-02-11 01:29 PM by JPZenger

http://standardspeaker.com/opinion/pa-should-plug-delaware-loophole-1.625003

http://www.philly.com/philly/blogs/inq-phillydeals/Comcast-Wal-Mart-Exxon-owe-PA-tax-reformers-say.html

Most major corporations, such as Walmart, avoiding paying any PA. corporate income tax because the Delaware Loophole allows tax evasion. If we close this loophole (like 26 states have already done), we can properly fund colleges and also REDUCE tax rates for the corporations that don't commit tax evasion.

Most Democrats in the Legislature have come out in favor of closing this loophole, but the GOP controls both houses by large margins.

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