Audit finds 500 illegal businesses in Md.
Maryland's tax department failed to regulate hundreds of companies illegally doing business in the state and dished out $1.2 billion in tax credits to Marylanders without adequately testing them for fraud, according to an independent audit, The Washington Examiner reports.
The Maryland Department of Assessments and Taxation allowed 500 companies to operate illegally in Maryland and wrack up a debt of at least $220,900 in fees in 2008, according to a report by the Maryland Office of Legislative Audits.
Read more on this story in The Washington Examiner.
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