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Good News and Bad News on Corporate Tax Loopholes

The good news is that because of your help, and the help of thousands of other MASSPIRG supporters, the Massachusetts House of Representatives voted overwhelmingly (131-23) to close two big corporate tax loopholes. This will prevent some large, multi-state corporations from avoiding over $400 million a year in state taxes and leaving Massachusetts households and companies to pick up the tab.

But here’s the bad news: The bill to close these tax loopholes actually created a brand new loophole that will make it easier for some multi-national companies like Exxon and Wal-Mart to avoid paying state taxes by shifting profits to overseas subsidiaries.

Tomorrow, the Senate is going to take up the bill. Please e-mail your senator and tell them to take the new loophole out of the bill.

Click here for more information our Campaign to Close Corporate Tax Loopholes.

Follow these 3 easy steps to help out.
1. Look over the message below, and feel free to add your own comments. Using your own words makes the message more meaningful.
2. Sign the letter by filling in the form below. We will not share your information with anyone else.
3. Click the button to send your message.

Letter	Dear Senator: Please pass the Senate Ways and Means bill (S.2675) to close corporate tax loopholes and prevent any weakening amendments like the one passed in the House that would have created a new tax loophole in the very bill intended to close tax loopholes and level the playing field among all business and taxpayers. All taxpayers, including big businesses, rely on public infrastructure and services including education, transportation, police, fire, sanitation, parks and recreation, and public health. And whatever your perspective on the level of taxes in Massachusetts, almost everyone can agree that our taxes should be fair. Some taxpayers should not be required to pay more while a few big businesses pay less because of unintended, outdated or unreasonable tax breaks. Sincerely,
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Good News and Bad News on Corporate Tax Loopholes

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