How Chain Stores Evade Paying State Taxes. . .And What to do About It

Date: 1 Jul 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Many retail chains, including Victoria’s Secret and Toys "R" Us, earn profits at stores nationwide, but have developed an accounting scheme to evade paying their full-share of corporate income taxes in more than half the states. Tax experts believe the practice is costing states billions of dollars in lost revenue. It is likely one factor behind the decline in state corporate income tax receipts. … Read More