An Act To Close Maine'S Tax Loophole For Offshore Profit Shifting

Summary

The bill would make large corporations and unitary businesses report all of their global income and apportion a share to Maine, instead of allowing them to shift profits abroad. It applies to entities with $1 billion or more in gross revenue and would affect both domestic and foreign‑owned companies operating in the state. The goal is to ensure Maine taxes the true economic activity occurring within its borders.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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