All that state lawmakers have to do is end the clever accounting tricks that allow foreign multinational companies to avoid paying the same business taxes as local companies. New Hampshire is considering a potentially game-changing shift in its business tax code. In January, the House of Representatives will vote on whether or not to close the current “water’s edge” loophole written into state tax law. It’s an opportunity for New Hampshire to reclaim an estimated $177 million in lost annual tax revenues.
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