---
title: "Meaning & Key Takeaway of: We are closing corporate loopholes so we…"
description: "\"We are closing corporate loopholes so we are hardly being heroic to close the combined reporting loophole. I think 28 or 30 other states have done it a..."
image: "https://sms4smile.com/quotes/i/e34/phil-murphy-27801_amazon_we-are-closing-corporate-loopholes-so-we_2513018.jpg"
---

#  We are closing corporate loopholes so we are hardly being…

![“We are closing corporate loopholes so we are hardly being heroic to close the combined reporting loophole. I think 28 or 30 other states have done it and a lot of those states will be trying to get Amazon.” quote by Phil Murphy](https://sms4smile.com/quotes/i/e34/phil-murphy-27801_amazon_we-are-closing-corporate-loopholes-so-we_2513018.jpg)   [Download](https://sms4smile.com/quotes/i/e34/phil-murphy-27801_amazon_we-are-closing-corporate-loopholes-so-we_2513018.jpg) [Open image](https://sms4smile.com/quotes/i/e34/phil-murphy-27801_amazon_we-are-closing-corporate-loopholes-so-we_2513018.jpg)

> “We are closing corporate loopholes so we are hardly being heroic to close the combined reporting loophole. I think 28 or 30 other states have done it and a lot of those states will be trying to get Amazon.”

[Phil Murphy](https://sms4smile.com/quotes/author/phil-murphy/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

He notes that many states are tightening corporate tax loopholes, making it harder for large companies like Amazon to exploit them, indicating a broader regulatory trend.

**In simple terms:** States are closing tax loopholes, targeting big firms.

Key Takeaway

Support fair tax policies.

Themes

tax policy corporate regulation state governance

Mood

analytical concerned

Type

policy economic

When to use this quote

- legislative hearings
- tax compliance
- business strategy

Key Concepts

fiscal responsibility economic fairness

Questions to Reflect On

- How will tighter taxes affect consumer prices?
- What alternatives exist for corporate accountability?

A Different Perspective

Closing loopholes can reduce revenue for public services if not balanced.

★ ★ ★ ★ ★   No ratings yet

[Being](https://sms4smile.com/quotes/about/being/)

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