Concord Monitor: Why won’t Sununu fight tax avoidance by multinational firms?

The estimated revenue loss to New Hampshire was $177 million in 2018, according to a Jan. 17 review by the Institute on Taxation and Economic Policy. The name of the review is “A Simple Fix for a $17 Billion Loophole.”

In particular, the tax code favors foreign-based multinational corporations operating in New Hampshire. This favoritism is why so many foreign corporations are operating in New Hampshire – 453 subsidiaries owned by 186 corporations based in 24 different countries, according to a report by two Plymouth State professors published in N.H. Business Review on April 13, 2018. Read more