What is GILTI? Massachusetts could reclaim hundreds of millions of tax dollars a year by adopting the federal approach to the GILTI (Global Intangible Low-Taxed Income) provision. The GILTI provision identifies U.S. profits shifted by multinational corporations to overseas tax havens, like the Cayman Islands, and includes a portion of those shifted profits in tax […]| Mass. Budget and Policy Center
Building off of a recent analysis performed by the Institute on Taxation and Economic Policy (ITEP), MassBudget estimates that adopting a robust and well-enforced provision requiring multinational corporations to include 50 percent of GILTI (Global Intangible Low-Taxed Income) in their state tax calculations would generate over $400 million a year for the Commonwealth.| Mass. Budget and Policy Center
MassBudget analyzed a recent data report by The Council on State Taxation (COST) - a Washington DC based trade association representing over 500 multistate and multinational corporations – that examines the full set of state and local taxes paid by businesses in each of the 50 states. How does Massachusetts fare and what should that mean for our state's tax policy?| Mass. Budget and Policy Center
The share of state taxes paid by corporations has fallen markedly since the 1980s. Meanwhile, they've collected a growing share of all income generated in the U.S. Changes to corporate tax policy can improve fairness, racial equity, and state competitiveness.| Mass. Budget and Policy Center
Moving operations or employees out of Massachusetts won’t reduce a corporation’s taxes on its profits by a single dollar, because the share of corporate profits ...| Mass. Budget and Policy Center
Moving operations or employees out of Massachusetts won’t reduce a corporation’s taxes on its profits by a single dollar, because the share of corporate profits taxed by the Commonwealth depends only on the share of a corporation's sales made to Massachusetts customers.| Mass. Budget and Policy Center
The newly released 2023 American Community Survey (ACS) data from the U.S. Census Bureau show that Massachusetts migration patterns were largely unchanged from those seen in the 2022 ACS data: Massachusetts is gaining population from migration at a very modest rate.| Mass. Budget and Policy Center
The state budget Governor Maura Healey signed on July 4th for Fiscal Year (FY) 2026 reflects both caution in the face of federal funding threats and the new possibilities for investment in education and transportation made viable by surging revenue from the Fair Share surtax.| Mass. Budget and Policy Center
Since 2024, residents and visitors in Southern Massachusetts step onto public buses and shuttles without a thought because fares have been eliminated - and the results are showing this policy makes a real difference.| Mass. Budget and Policy Center
MassBudget is honored to have been chosen as a featured organization for Empowered hosted by Meg Ryan, the nationally broadcast television series that uplifts organizations using data to transform lives. The post MassBudget featured on Empowered hosted by Meg Ryan appeared first on Mass. Budget and Policy Center.| Mass. Budget and Policy Center
On July 4, 2025, the President of the United States signed an extensive budget reconciliation bill that will bring extraordinary pain upon millions of families across the nation. MassBudget President Viviana Abreu-Hernández, PhD, issued this statement.| Mass. Budget and Policy Center
Preliminary Analysis: FY 2026 Conference Committee Budget Proposal | Mass. Budget and Policy Center
The Conference Committee’s Fiscal Year 2026 budget proposal, released Sunday, June 29, allocates over $61 billion in spending for the Commonwealth. Below, MassBudget shares our preliminary analysis of the proposal. Click here to read our statement in response to the proposal put forward by the Conference Committee. Additional Fair Share Revenue Supports Critical Education and […] The post Preliminary Analysis: FY 2026 Conference Committee Budget Proposal appeared first on Mass. Budget a...| Mass. Budget and Policy Center
Coming after the House finalized their budget proposal the week prior, the Senate Ways and Means (SWM) Committee released their proposal, outlining a plan to spend over $61.3 billion for the upcoming fiscal year beginning July 1. The post MassBudget’s Statement on the FY 2026 Conference Budget appeared first on Mass. Budget and Policy Center.| Mass. Budget and Policy Center
Massachusetts' severe shortage of affordable housing is not insurmountable, but existing revenue sources are not sufficient to build and maintain it at scale. The state has the capacity to raise this revenue without expecting residents to forgo access to other things that they value.| Mass. Budget and Policy Center
Data shows that the number of Massachusetts families burdened by housing costs continues to rise. The post Massachusetts Ranking Slips to 3rd in 2025 KIDS COUNT Data Book as MA Families Struggle with Housing Costs appeared first on Mass. Budget and Policy Center.| Mass. Budget and Policy Center
MassBudget examines differences between the House's and the Senate’s FY 2026 budget proposals in specific policy areas and provides recommendations on what the Conference Committee should include for priority items. The post Comparative Analysis of the House & Senate Budget Proposals: Opportunities for the Conference Committee to Promote Equity and Uplift Communities appeared first on Mass. Budget and Policy Center.| Mass. Budget and Policy Center
MassBudget's testimony to the Joint Committee on Public Service in support of An Act expanding access to retirement savings (HB2825/HB41/SB1879).| Mass. Budget and Policy Center
The House Ways and Means Committee's FY 2026 budget proposal, released Wednesday, April 16th, allocates $61.4 billion in spending for the Commonwealth. This is MassBudget's first dive into the details.| Mass. Budget and Policy Center
The HWM FY 2026 budget proposal illustrates the importance of the Fair Share surtax which allows for continued and increased investment in essential areas of education and transportation. It also highlights the need for additional revenue to support our state's most vulnerable residents.| Mass. Budget and Policy Center
Changing the state approach to Global Intangible Low-Taxed Income would allow the Commonwealth to reclaim a sizable share of the tax revenue lost to international profit-shifting - allowing for transformative investments and a cushion against the impact of potential federal cuts.| Mass. Budget and Policy Center
The Fiscal Year 2024 budget is the first state budget to include money raised from the Fair Share Amendment, making important investments in education and transportation. Lawmakers took additional steps to create mechanisms that will facilitate transparency, stability, and protect the intent of the amendment.| Mass. Budget and Policy Center
Today, Governor Maura Healey released her proposed budget for Fiscal Year 2026. We are encouraged to see critical investments supported by those who can most afford it, but there is still more to do to meet the needs of families in crisis.| Mass. Budget and Policy Center
