Want to fund education reform? Close Maryland’s corporate tax loopholes

Texas is nobody’s progressive state. Neither are Montana and North Dakota. But here’s something those states have in common: They hold large corporations accountable for paying their fair share of taxes. In fact, that’s kind of a trend. In all, 28 states and the District of Columbia have passed a rule known as “combined reporting” that treats big companies with one or more subsidiaries as a single unit for tax purposes. If that sounds rather dull and dry, that might be the point. Average people don’t follow corporate accounting practices. But here’s why everyone should care: Without combined reporting, companies can hide their profits by shifting them around subsidiaries like a game of Three-Card Monte.

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Media Round-up

Among the stories: A rally to push for Blueprint for Maryland’s Future to be fully funded by the state was held by education advocates in Lawyers Mall, an editorial from the Baltimore Sun, and more.

Marylanders Support Closing Corporate Tax Loopholes

The survey found that 64 percent of Marylanders believe the tax system is unfair and more than three out of four surveyed said it was important for the state to make sure wealthy individuals pay their fair share.