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FORBES: Mississippi needs a dose of transparency at state department of revenue

forbes-logoA recent article in State Tax Notes details some transparency concerns at the Mississippi Department of Revenue that are (unfortunately) somewhat commonplace. For example, the department does not publish letter rulings, which can be useful in helping taxpayers understand the risk associated with a particular transaction. In general, taxpayers want to go into matters with eyes wide open, so the ability to use letter rulings as a guide is important.

In the article, Scott Waller of the Mississippi Economic Council articulated that concern, noting that taxpayers have difficulty knowing what is going on at the DOR because it’s basing its decisions on information that isn’t published. The taxpayer community wants to make sure that “there is certainty within the system – that if someone is following a certain rule a certain way, then they should not be penalized for it if there is something out there that they do not have access to,” Waller declared.

» To read the complete story, click here …

 

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About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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