GILTI as Charged: New Corporate Tax Proposal Would Accelerate Tax Avoidance
New proposal would reopen loopholes in the tax code and make it easier for multinational corporations to avoid paying what they owe the state.
The state budget is much more than numbers and line items — it is a reflection of New Jersey’s priorities and values. By ensuring the wealthiest individuals and corporations pay their fair share in taxes, New Jersey can invest in the public assets that help our communities thrive, address longstanding racial and social inequities, and build a strong foundation for the future.