ITEP cited in testimony in favor of a California policy that would close a profit shifting loophole and ensure that corporations pay their fair share.
April 27, 2026
Center on Budget and Policy Priorities: It’s Time To End Corporate Tax Avoidance in California by Closing the Water’s Edge Loophole
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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