Senator Paul Pinsky introduces bill to close corporate tax loopholes through combined reporting.

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In an op-ed in yesterday's Baltimore Sun state senator Paul Pinsky (D, Prince George's County), detailed the problem of multi-state and multi-national corporations paying zero state corporate taxes. They do this by reporting all their revenues in an out-of-state subsidiary. Senator Pinsky argues that a bill requiring combined reporting would force these corporations (Wal-mart, Wells Fargo, Bank of America, etc.) would put them on equal footing with local/state businesses, as well as generate needed revenue for the State's budget.

Read more at the Baltimore Sun.

2/13/14 Todd Reynolds, Political Action Coordinator