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Expert Analysis - Opinion

Oregon Should Reinstate Its Tax Haven Law

By Michael Mazerov (June 19, 2018, 11:34 AM EDT) -- Oregon's conformity to changes made by the 2017 federal tax law would have resulted in a one-time loss of corporate income tax revenue. Senate Bill 1529, which Oregon Gov. Kate Brown signed into law on April 10, was meant to convert that loss into a one-time revenue gain. Unfortunately, the bill also repealed the state's vital and effective law that has reduced multinational corporations' ability to pay less than the proper amount of income tax by artificially shifting profits to their subsidiaries in foreign tax haven nations. Oregon lawmakers should reinstate the tax haven provision during the 2019 session....

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