Study shows tax shelters cost Ohio millions.
Position | Ohio - Corporate tax shelters cost state of Ohio and West Virginia - Report of Multistate Tax Commission - Brief Article - Reprint |
According to a recent study, Ohio lost nearly 60 percent of its corporate tax collections in 2001 due to aggressive tax shelters employed by companies. According to the report released by the Multistate Tax Commission, the 50 states combined lost $12.38 billion in shielded revenue.
When measured as a percentage of revenue, Ohio was second only to West Virginia in the amount of corporate tax revenue forfeited. According to media reports, the...
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