On Tuesday, June 9 a public hearing was held before the Joint Committee on Revenue regarding a measure that would close the “water’s edge” loophole. This tax loophole allows companies to avoid taxes they would otherwise owe by shifting profits to offshore tax havens around the globe.
Nathan Proctor, State Director of Massachusetts Fair Share, testified before the Committee:
“Over the last year, Massachusetts Fair Share has collected more than 7,000 comments and signatures from Massachusetts residents in support of closing a loophole which allows companies to avoid taxes by stashing cash in
