to the general assembly of state vermont i am pleased present biennial report commissioner taxes for 2003 and 2004 as required by 32 vsa 3101 b past two years have been busy with making verm ont s tax system fairer implementing act 68 improving effectiveness our collection systems department proposed legislature adopted a number changes laws that make much significant among these are adoption unitary combined reporting corporate income closure loophole in bank franchise will diminish opportunities certain aggressive management strategies were available multi corporations help create level playing field respect based also on fairness front has created new enhanced compliance unit this comprised examiners statistician developer using their skills leverage information from sources including irs customs officials purposes pursue
