Lobbyists for a small number of immensely powerful multinational corporations are working overtime this week to protect a loophole that makes Maryland’s corporate income tax virtually optional for their clients. They’re worried because the House of Delegates’ just-released revenue package wisely includes a rule — called “worldwide combined reporting” — that will close this gaping loophole and make long-time abusers of corporate power pay their fair share of Maryland taxes.
Commentary: Tax-dodging multinational corporations should pay their fair share
March 19, 2024