To: The Massachusetts State House and The Massachusetts State Senate
A $79 million tax heist in Massachusetts
Massachusetts Fair Share
Massachusetts could save $79 million in the state budget by closing a loophole which allows companies to dodge taxes with offshore tax havens.
Just about anything would be a better use of $79 million than letting huge, multinational corporations hide profits in tax shelters like the Cayman Islands.
Please take immediate action to close these loopholes.
Why is this important?
Where is Massachusetts going to get the money to improve the T, expand early education to every child or invest in job growth? Well, we can start by looking at the Cayman Islands.
Corporations dodge taxes by booking profits made here to offshore tax havens that levy little to no tax.
It’s about time that these corporations start living by the same rules as the rest of us. It’s time to close these loopholes and invest in an economy that works for everyone. And the best part is, we don’t need to wait for Congress -- but we need Massachusetts legislators to act.
Oregon is about to enact a law to recoup money stashed in offshore tax havens this year and Montana has already done so. If we enacted the same policy here in Massachusetts, it would generate $79 million dollars.
They are debating revenue and the budget in the state house right now. But in order to convince Massachusetts legislators to take on the big corporations and their lobbyists, they need to hear from you.