IWF Excerpt:Those who continue to use Harley-Davidson to attack Wisconsin revenue policies, and those who argue that combined reporting damages a state’s job totals, are all making spurious claims unsupported by the facts. -- IWF
(Titled - Harley-Davidson: No reason to re-open corporate tax loopholes
Combined reporting is designed to ensure tax fairness. Because some large corporations were able to use legal techniques to eliminate their Wisconsin tax liability, other firms — all other taxpayers, in fact — were required to pay more to make up the difference. It was a slanted playing field favoring the largest companies willing to be the most aggressive in their tax-avoidance tactics.
Read the full Institute For Wisconsin's Future (IWF) report here.
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