A group of 27 legislators asked MarylandReporter to publish an open letter to Gov.-elect Larry Hogan. Currently, large corporations who do business in the state are able to evade taxes by booking work done in Maryland to states with lower rates. Twenty-four states — including Texas, Alaska, West Virginia, Arizona, Kansas, and the District of Columbia — have already closed this corporate tax loophole. Adding Maryland to the list would be a good first step in ending a system where multi-million dollar corporations can pay less in taxes than small businesses and middle-class Marylanders. Ending corporate tax evasion would also add millions of dollars a year to the state budget, and there is no shortage of good that can be done for ordinary Marylanders with that revenue.
Posted on: Thu, 15 Jan 2015 03:10:43 +0000
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