Corporate Taxes

Corporate Tax LoopholesIssue Spotlight: Closing Corporate Tax Loopholes

The tax code bill enacted along with the 2013-14 state budget maintained Pennsylvania's capital stock and franchise tax, which was set to expire in 2014, for two more years. It also took a small, first step to close the Delaware loophole, which has allowed large multi-state corporations to avoid paying income taxes in Pennsylvania. No tax code bill was passed as part of the 2014-15 budget.

2013-14 Tax Code Analysis: Read PBPC's Analysis of the PA Tax Code Bill

Combined Reporting of State Corporate Income Taxes: Read ITEP's Primer

Browse Corporate Tax Publications Below

February 27, 2014

A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them, including six based in Pennsylvania, paid no federal corporate income tax in at least one of the last five years.

February 10, 2014

While most states are finally recovering from the worst recession in decades, and seeing revenue surpluses for the first time in several years, Pennsylvania has missed the boat. And costly corporate tax cuts have a lot to do with it.

February 10, 2014

Pennsylvania’s economy is not recovering as quickly as most states. Gov. Corbett, attempting to improve growth, made a bet that a billion dollars in new corporate tax cuts would fuel economic recovery, but that bet has been lost. 

February 5, 2014

Punxsutawney Phil is predicting more chilly weather ahead, but a winter-weary Gov. Tom Corbett must have spring on his mind. His budget address Tuesday painted a bright and rosy picture of Pennsylvania's future even as we remain in the grip of a long economic winter.

December 18, 2013

A decade of corporate tax cuts are a major reason that Pennsylvania is expected to have far fewer resources than it needs to pay for education, health care, and other essential services for years to come. Unless lawmakers reverse course and come up with additional revenue, our schools, communities, and families will continue to bear the brunt and our economy will suffer.

December 18, 2013

A decade of corporate tax cuts are a major reason that Pennsylvania is expected to have far fewer resources than it needs to pay for education, health care, and other essential services for years to come. Unless lawmakers reverse course and come up with additional revenue, our schools, communities, and families will continue to bear the brunt and our economy will suffer.

December 17, 2013

A decade of corporate tax reductions are a major contributor to Pennsylvania’s long-term inability to produce enough revenue to meet the state’s obligations, according to a new report by the Pennsylvania Budget and Policy Center.

December 11, 2013

"Pennsylvania’s experience with business tax reduction is instructive," PBPC Director Sharon Ward testified. "Since 1998, the Commonwealth has reduced taxes to the tune of $3 billion annually. These large tax reductions have not had the desired impact. When business tax reductions were first enacted Pennsylvania ranked 27th in job creation. By 2010 we had fallen to 34th."

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