Mooneyham has the right idea

Columnist Scott Mooneyham presents a clever solution to the state’s budget problems. He suggests a way to close the corporate tax loop hole with combined reporting and, in addition, gives us something to chuckle over.

If some enterprising legislator wants to have some fun, here’s a suggestion: File a bill that includes both a slight corporate tax cut and a strategy used by other states to blow up the tax dodges used by multi-state corporations to avoid paying state income taxes. Then, sit back and watch the lobbyists go to scrapping.

His column in the Southern Pines Pilot is definitely worth reading.

One Comment

  1. north state politics

    December 11, 2008 at 11:31 am

    Combined reporting needs to be at the top of the Legislature’s tax reform proposals, but they shouldn’t stop there.