Closer Look: IL Tax Measure Would Paint Only Partial Picture
CHAMPAIGN, Ill. (AP) -- Democratic leaders in Illinois' General Assembly want to make public how much publicly traded companies pay -- or don't pay -- in state taxes. But their corporate tax-disclosure bill may have a tough time painting a complete picture.

Skeptics like Todd Berry of the nonpartisan Wisconsin Taxpayers Alliance say corporations are usually structured in complex ways in different locations. That makes it difficult to say just how much they're paying.

The bill was introduced by Senate President John Cullerton and House Majority Leader Barbara Flynn Currie. The Senate passed it last week.

Cullerton spokeswoman Rikeesha Phelon acknowledges that a complete picture may be hard to get. But she says even an incomplete picture would be better than none at all.
12 09 12 by Newsroom
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