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Article: Study shows tax shelters cost Ohio millions.(Ohio)(corporate tax shelters cost state of Ohio and West Virginia)(report of Multistate Tax Commission)(Brief Article)(Reprint)
- Article from:
- Catalyst (Dublin, Ohio)
- Article date:
- September 1, 2003
CopyrightCOPYRIGHT 2003 Ohio Society of Certified Public Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...
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Transcript: Profile: IRS and other government agencies are cracking down ...
NPR Morning Edition;
September 28, 2004 ;
700+ words
... ... profession, says the spread of tax shelters like these shows how much professional ... ZARROLI: Tax experts say these tax shelters cost the US Treasury many billions ... Department is investigating the sale of tax shelters by accounting firms, and the ...
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