February 25, 2021

Another Florida ‘combined reporting’ bill filed – but this year, by a Republican [The Center Square]

John Haughey writes:

"Corporations operating in Florida have the option to file single tax returns for their company or separate tax filings for each subsidiary.

Only 2 percent submit single tax returns to the Florida Department of Revenue (DOR) because filing separately for subsidiaries offers significant savings.


According to the Florida Policy Institute, Florida could raise an additional $477 million annually in taxes if it imposed mandatory combined reporting – but at the expense of job creators."

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