Opponents of Minnesota’s Anti-Tax Cheat Bill Should Be Ashamed

My friends in the corporate tax avoidance industry are apoplectic over Minnesota’s push to enact an obscure income tax accounting method called worldwide combined reporting. It’s embarrassing to see them descend on St. Paul and hit the blog waves this week, spouting every frivolous obstacle and bullying tactic they can muster—all in an effort to halt progress toward sound state tax policy.

Why are they so upset? Because worldwide combined reporting would eliminate virtually all corporate state income tax avoidance there. This bill, if it ever becomes law, would be game over for corporate tax cheats in the North Star ...