November 18, 2020

Florida Policy Institute: 2021 Legislature Must Prioritize Revenue-Raising Solutions, Not Budget Cuts, To Bolster Post-Pandemic Recovery

ITEP Work in Action

Through smart investments, it is possible to make up billions of dollars without cuts. FPI proposes initiatives to close corporate loopholes such as “combined reporting”— already implemented by 28 states and D.C.— and the “throwback rule”— adopted by 22 states and D.C. — that would generate more than $500 million in general revenue.

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RELATED: Study says corporations avoid $500 million in Florida taxes by shifting income – Orlando Sentinel