By Globe Staff, Updated October 13, 2025
“Are state lawmakers feeling GILTI right now?
The people who brought us the Fair Share Amendment — aka the millionaires tax — are counting on it.
The union-backed Raise Up Massachusetts coalition packed the State House’s largest hearing room on Oct. 3 with around 200 supporters. Their goal: persuading the Legislature’s revenue committee to endorse a huge increase in the amount of offshore corporate income that’s subject to the state corporate tax.
I’ve never seen a crowd like this show up for the truly arcane topic of taxing “global intangible low-tax income,” aka GILTI. But Raise Up has made it a major political cause….”
MassBudget Reference:
“Phineas Baxandall, policy director at the left-leaning MassBudget think tank, says it’s still a smart policy. Whether there’s $400 or $100 on the table, he points out, you still should pick it up. Massachusetts faces a significant revenue crunch. He said this money, while not coming close to filling the gap, sure would help.”
