Tax
Policy Study 4/8/2008
Beyond
loopholes: BHI study suggests simplifying and lowering business
taxes to 5.3%
"The
BHI report provides a worthy template for a business tax code that
combines a significantly lower rate with a set of rules that are
consistent and equitable."
Worcester
Telegram & Gazette 4/14/08
BOSTON
- Massachusetts business tax laws are a hodgepodge of poorly-conceived
measures that violate the most fundamental principles of tax equity
and efficiency. By taxing all business entities similarly and adopting
unitary reporting, single-sales-factor apportionment, along with
other proposed reforms, the Commonwealth could cut the corporate
tax rate to 5.3% and achieve approximate revenue neutrality. The
Beacon Hill Institute details these reforms in its new study, Business
Taxes in Massachusetts: Toward Fundamental Reform, released
today. Details
Full
study PDF
Press
Release PDF
Worcester
Telegram & Gazette Editorial: 4/14: Keep
it siimple: Restore equity, consistency to state tax code
Boston
Globe Op-Ed 4/16: Tax
Reform? We got tinkering
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