Illinois legislators push for corporate tax transparency

The theme of “fairness” when it comes to paying taxes has spilled over from the presidential election to the State of Illinois.  Lawmakers in Illinois are pushing for new tax laws requiring corporations to provide more information about their income to make sure that publicly traded companies are paying their fair share of state income taxes.

Opponents of the measure claim that companies already provide sufficient information.  They argue that the legislation would require companies to disclose confidential tax information that should remain private.

For more read, “Legislators renew push for corporate tax transparency.”