NMPolitics.net (https://nmpolitics.net/index/author/dick-minzner/)
The recent article by “John Adams” promotes two pieces of misinformation. First, it claims that large out-of-state corporations do not pay corporate income tax on the income earned in New Mexico. Second, it claims that small local businesses suffer unfair competition because they do pay such taxes. Continue Reading
In New Mexico, we should consider three possible steps to reduce the role money plays in our system. First, reduce the number of offices subject to primaries. Second, make some elective offices appointive. Third, lengthen the terms of elected officials. Continue Reading
The characterization of combined reporting being spread by proponents – that it will eliminate a loophole that permits large, multi-state corporations to shift income earned in New Mexico to other, more tax-friendly states — omits the principal features of combined reporting, misstates the tax liability of local companies and exaggerates the likely state revenue impact of combined reporting. Continue Reading