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.