February 20, 2019

Hawai’i Public Radio: Corporate Tax Loophole Costs Hawaii $38 Million Annually

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Hawaii lawmakers are missing out on millions in potential tax revenue. That is the conclusion of a report from the Institute on Taxation and Economic Policy. The ITEP found that a loophole in Hawaii’s tax code allows multinational corporations to avoid paying state corporate income taxes, resulting in a loss of $38 million in revenue annually.
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