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business23h ago
States Should Be Doing More About Corporate Tax Avoidance. New Mexico’s Tax Conformity Law Shows How.
- New Mexico’s tax conformity law is cited as an example for curbing corporate tax avoidance.
- The article calls for broader state action to address loopholes in corporate tax systems.
- Policy design across states can close gaps used by multi-state corporations.
- New Mexico’s approach demonstrates how conformity rules impact revenue collection.
- The analysis urges states to adopt concrete reforms to curb avoidance practices.
- The piece frames corporate tax avoidance as a revenue and fairness issue.
- Experts suggest states can learn from New Mexico’s example to strengthen tax systems.
- The article was published as guidance for lawmakers and policymakers.
- The discussion centers on closing corporate tax loopholes to improve state revenue.
- Overall, the report uses New Mexico as a blueprint for reform ideas.
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