Delaware Loophole http://wesa.fm en House Passes 'Delaware Loophole' Fix and Assorted Tax Cuts http://wesa.fm/post/house-passes-delaware-loophole-fix-and-assorted-tax-cuts <p>A bill to close the so-called Delaware loophole while lowering other taxes on corporations has passed the state House by a vote of 129 to 65.<br><br>The measure aims to capture revenue from companies that have transferred money from commonwealth subsidiaries to corporations in Delaware – a state without corporate taxes.<br><br>House Democratic leaders criticized the proposal for using an approach they say wouldn’t actually close the loophole.<br> Tue, 07 May 2013 15:59:55 +0000 Mary Wilson 9118 at http://wesa.fm House Readies for Vote on Bill to Close Corporate Tax Loophole http://wesa.fm/post/house-readies-vote-bill-close-corporate-tax-loophole <p>A bill crafted to close a corporate tax loophole in Pennsylvania in a way that’s most palatable to businesses is teed up for consideration by the state House.<br><br>The so-called Delaware loophole has bedeviled legislators and governors for years. Its name comes from the practice of corporations that transfer money from commonwealth affiliates to a company in Delaware — a state with no corporate taxes.<br><br>There are different ways to go about closing the loophole, and therein lies much of the conflict over a bill that’s passed a committee vote.<br> Tue, 23 Apr 2013 16:04:36 +0000 Mary Wilson 8321 at http://wesa.fm