ME legislation aims to uncover corporate tax avoidance

Maura Pillsbury, tax policy analyst for the Maine Center for Economic Policy, said too often corporations use tax loopholes and accounting schemes to avoid state taxes while benefiting from millions of dollars in state subsidies and tax breaks.

“We’re hopeful that this information will really help give Mainers and the legislature a picture of if our tax system is functioning the way it’s intended and if everyone is paying their fair share,” Pillsbury explained.

Click here to read the full story, first published April 3, 2024 in Public News Service.