Corporate Taxes

June 27, 2013

The Pennsylvania Senate should take the opportunity to adopt a strong addback bill that stops corporate tax avoidance practices that are simply not tolerated in the majority of states. 

May 14, 2013

House Bill 440 aims to prevent corporations from unfairly shifting profits earned in Pennsylvania to low- or no-tax states, but its approach is flawed. It would not close the Delaware loophole and even creates new tax loopholes corporations could exploit.

April 23, 2013

Governor Tom Corbett's corporate tax cut plan is moving forward in the Pennsylvania Legislature as House Bill 440. It will come at the expense of investments that really matter in our schools and communities.

April 10, 2013

When fully phased in, the plan will cost the commonwealth—conservatively—more than $800 million annually.

March 12, 2013

Over the past decade, Pennsylvania has enacted numerous corporate tax cuts whose costs have skyrocketed. They compete with state funding for schools, the state’s colleges and universities, early childhood education, and human services.

Updated: February 20, 2013

Governor Tom Corbett proposed a 2013-14 budget of $28.4 billion — up $400 million, or 1%, from the budget in place when he took office in January 2011. Read PBPC's detailed analysis of the proposal.

February 5, 2013

The governor’s budget does little to reduce the trend of disinvestment in Pennsylvania schools and communities. It relies heavily on speculative and one-time sources of funding, and proposes expensive new corporate tax breaks that will continue to shift costs to local taxpayers. Read PBPC's media statement.

February 4, 2013

One bill, although characterized as a “Mom & Pop” benefit, would provide as much of a windfall for Paris Hilton as for the corner grocer. A second bill would create a loophole that, in certain situations, corporations could use to transfer earnings to owners as “interest,” reducing the state tax imposed on their profits.

Monthly archive