Tax Shelters Siphon Millions From W.Va.
Sunday Gazette-Mail (October 15, 2006)
Author: Paul J. Nyden
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57.8% in the hole West Virginia lost a bigger share of its corporate-tax revenue to tax shelters than any other state: 57.8 percent, according to the Multistate Tax Commission. Next was Ohio, which lost 56.9 percent and Florida, down 48.7 percent.
pjnyden@wvgazette.comTax Shelters Siphon Millions From W.Va.
The Tax Department does a shoddy job of auditing and regulating large corporations based in other states, in part because it is understaffed, according to West Virginia's main professional organization for certified public accountants.
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