Nevada Business: Taxes and Nevada: The Give and Take
media mentionMany of those breaks and loop holes were left in place by the new policies, said Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy.
“There are a lot of breaks and loopholes that allow a company not to pay,” Wamhoff told Yahoo Finance. “People, when they think of tax reform, think the government is going to fix the tax code and get rid of breaks and loopholes and get rid of tax dodging. What we got at the end of 2017 was not that. It was the opposite of that. The Tax Cuts and Jobs Act left a lot of special breaks and loopholes in place and created some new ones.”