Bill to Close Tax Loopholes Doesn’t Get the Job Done


A recent proposal to close corporate tax loopholes that rob Pennsylvania schools, colleges, homeless shelters and other vital services of millions of dollars each year would fall far short of its goal and aggravate our state‰’s financial problems. While House Bill 2150 aims to prevent corporations from unfairly shifting profits earned in Pennsylvania to Delaware and other low- or no-tax states, it would be ineffective at stopping the practice and even creates new tax loopholes corporations could exploit.