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NY Bill Targets $700M Corporate Tax Loophole

Zara Khan
Zara Khan

Published: Mar. 12, 2025

NY Bill Targets $700M Corporate Tax Loophole
Adam Smigielski via Getty Images

New York State is hemorrhaging hundreds of millions of dollars annually, a loss attributed to multinational corporations shifting profits offshore to avoid taxes—a practice one Assembly Member is determined to stop.

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