It’s time to stop the corporate tax skipping.

Big businesses and corporations have been skipping their corporate tax responsibility for too long.

Big businesses and corporations are skipping on their fair taxes.

Over the past 30 years, big businesses’ share of state taxes has declined by 50 percent, as they’ve taken advantage of loose tax laws.

They’ve used the cover of state tax law loopholes to hop over their fair share of taxes and are skipping on nearly a billion dollars in taxes every year.

Guess who’s been making up the difference?

Ordinary taxpayers and small businesses must play by the rules, and so should big business.

It’s time to play fair.

New York state based corporations such as AOL-Time Warner earn profits on income from sales made in states where they have no physical presence — and don’t pay taxes on their profits from those sales.

Over the past five years, New York state has lost more than half a billion dollars in tax revenue because of this tax avoidance scheme.

This is just one of the many ways big businesses have been sidestepping their fair share of taxes.
Paying your fair share of taxes isn’t child’s play.

It’s time for big business to turn around and start paying their fair share.

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This Newspaper ad appeared in the January 19, 2004 edition of the The Legislative Gazette It was created by PEF's Public Relations Dept. © Copyright 2004

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