By AP/KWMU
Jefferson City, MO – An effort to find out-of-state companies who dodge Missouri taxes has not generated the millions of dollars that were expected.
The state has paid a private company $400,000 this year to find and audit the companies in hopes of bringing in about $2.4 million in new revenue.
But the state's Revenue Department said Monday that money had not materialized.
The budget being proposed for the fiscal year that starts July First would end funding for that auditing company. Officials say the auditing company had trouble finding good candidates to audit.
But the private firm hired to do the audits said the real problem rests with Missouri's corporate tax laws, which make it easy for corporations to shield income.