Truth Out: How We’re Victimized by Corporate State Tax Avoidance
media mention“Some states deserve special mention because of the egregious nature of their disrespect for average taxpayers. Illinois leads the way with by far the highest deficit. Just 10 companies underpaid Illinois $1.4 billion in 2014, more than the entire 2016 Chicago school system deficit. Yet Governor Bruce Rauner recently approved $100 million in new corporate tax breaks. And now Mayor Rahm Emanuel is preparing to raise city property taxes by $500 million. All this in a state named one of the “Terrible Ten” most tax-regressive states by the Institute on Taxation and Economic Policy (ITEP).”