UT's Fox on corporate tax-shifting

University of Tennessee economist Bill Fox has reported the state may be losing tax revenue it is due, because of inappropriate shifting of corporate profits to tax-haven states like Delaware. Revenue Commissioner Reagan Farr reportedly told The Tennessean he's concerned broad changes in state laws could scare-off industry prospects and jobs, but that the issues raised can be addressed in targeted ways. The Fox report was commissioned by State Comptroller Justin Wilson.