Maui Now: Report: Hawaii Could Recover $38M Lost to Corporate Tax Loopholes

Reforms to end corporate tax loopholes in Hawai‘i could reduce lost tax revenue and bring in an additional $38 million to the state, according to a new report released on Friday by The Institute on Taxation and Economic Policy.

The report called “A Simple Fix for a $17 Billion Loophole,” takes a look at complicated strategies employed by corporations to shift US earnings to subsidiaries in offshore tax havens. Read more