You Can Help Close Corporate Tax Loopholes

If you're as tired as we are of hearing the bad news about education budget woes, here's something that just came in from Neighbor to Neighbor -- something you can do to help. You can attend a public hearing on Tuesday, May 22 in Boston at the State House. And even if you are not able to attend, please get acquainted with the information below.

Public Hearing on Closing Corporate Tax Loopholes

4pm on Tuesday, May 22, 2007

Gardner Auditorium in the State House. Come To Make Your Voice Heard!

Tell the Commission that you support closing unfair corporate tax loopholes to invest in programs like health care, housing, and education!

Background: Governor Patrick came out with a plan that would close corporate tax loopholes, raising $295 million this year and over half a billion next year. A commission was formed to evaluate the Governor's plan and they are supposed issue a report on June 15th. We are asking you to come to this hearing to push the commission to release a favorable report so we can close these loopholes to fund schools, health care and other important programs. The two loopholes that are most significant:

1. Implementing Combined Reporting. This would make is so that companies cannot shift income between subsidiaries to avoid taxes in Massachusetts.

2. Implementing "Check the Box" Reporting Requirements. This would put MA in line with 45 other states. It would make businesses conform to federal rules so that companies cannot avoid taxes by being classified as partnerships on the state level and a corporation on the federal level.

Please call N2N-MA at 617-723-6866 or email carl@n2nma.org to let them know if you can attend.