Louisiana’s home-grown companies often compete for business against large, multistate, and multinational corporations whose size and wealth give them significant advantages. One is their ability to capitalize on the way Louisiana law is written to avoid paying millions of dollars in taxes.
Some states have been able to successfully change their corporate tax laws to a system called “combined reporting.” It’s a comprehensive and – above all – fair policy approach that ends the inefficient and costly practices companies engage in to avoid taxes.
Full report attached…