Corporate Taxes

April 19, 2012

House Bill 2150 will prevent some corporations from using loopholes to avoid paying income taxes, but revenue raised from this change doesn't come close to covering the amount the state will lose in revenue from tax cuts in the bill.

March 12, 2012

A bipartisan state House bill aimed at closing corporate tax loopholes will not get the job done, but will enact large tax cuts undermining investments in schools and assets that strengthen our economy, according to a Pennsylvania Budget and Policy Center analysis.

 

March 7, 2012

House Bill 2150 aims to prevent corporations from unfairly shifting profits earned in Pennsylvania to Delaware and other 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.

August 9, 2011

Companies that claim that closing corporate tax loopholes is too complicated already operate in states that have closed loopholes.

July 13, 2011

On June 30, the Pennsylvania General Assembly completed work on a 2011-12 state budget that achieves Governor Tom Corbett’s primary objective — to meet a target spending number of $27.3 billion or lower, regardless of the impact. PBPC has a detailed analysis of the budget.

March 10, 2011

Governor Tom Corbett's 2011-12 state budget makes deep cuts to education and higher education, as well as across-the-board cuts to most services and departments. At $27.3 billion, the budget is 3.1%, or $866 million, less than the available 2010-11 budget.

October 29, 2010

The Tax Foundation released its 2011 Business Tax Climate Index this week. According to the report, Pennsylvania ranked 26th in the nation. But the index has some methodological problems that limit its usefulness.

July 8, 2010

Lawmakers avoided a prolonged fight over spending and taxes, but they also missed an opportunity to raise recurring revenue to put Pennsylvania on surer fiscal footing. PBPC has a full analysis of the 2010-11 budget plan signed into law on July 6.

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