Take action now for corporations to pay their Fair Share

Dear Catherine, 

 

It’s Time for Large, Profitable Corporations to Pay Their Fair Share!

 

Please call your State Representatives and State Senators and ask them to NOT pass taxes for transportation that only fall on all of us like a gas tax increase….instead have part of the revenue bill include closing corporate tax loopholes…see below.

 

Rather than only asking working people to pay more, it is time for large, profitable corporations to pay their fair share!

Our Proposal

MCAN and Raise Up Massachusetts do not support a revenue package comprised entirely of regressive taxes and fees. Instead, a revenue package must include the following three elements to ensure that corporations are participating in their shared responsibility to fund critical investments in our transportation systems:

GILTI (Global Intangible Low Taxed Income) - Many multinational corporations who do business in Massachusetts use provisions of the federal tax code to shift their US profits to offshore tax havens. A state GILTI tax would mirror federal law and tax a portion of those offshore profits.

Tiered Corporate Minimum – Many large corporations who do business in Massachusetts use various tax breaks and loopholes to pay only the existing corporate minimum tax of $456 per year. A tiered corporate minimum tax would ensure that larger corporations pay a minimum in proportion to the size of their business in Massachusetts, while small businesses continue paying the current minimum.

Corporate Disclosure - Research and advocacy around closing corporate loopholes is made more difficult because of the lack of available information about how much tax specific corporations pay. Adequate corporate disclosure laws would help identify bad actors in the business community and allow us to measure the effects of the loopholes in our existing corporate tax rules.

Thank you for contacting your legislators. It’s a fair fight when it’s for a fair share. 

In solidarity, 

Lew & Janine

Janine Carreiro-Young

Lew Finfer

MCAN Co-Directors