NC getting played — again

by kmr on July 15th, 2009

Pardon me for a moment of Midwesterness, but would you fine lawmakers just pull the damn trigger on combined reporting and be done with it.
Keeping this break is like putting a big sign in the middle of the state advertising “backwater fools ready to be had.”

Combined reporting is the name of the provision that almost half the states have already adopted. It treats multistate companies and its subsidiaries as one corporation for tax purposes, making it much more difficult for the company to avoid state taxes, the state taxes that companies who only do business in North Carolina already pay.

They know it’s right for the state. They know it’s overdue. They know they’re wasting time and money dickering over it. What they don’t seem to get is how fed up people are with this kind of business as usual.

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