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New Hampshire Examines Income Shifting to Tax Havens

April 29, 2022, 6:07 PM

This week in state tax news: A commission is studying whether to replace New Hampshire’s corporate income tax filing protocols. Meanwhile, states are having trouble characterizing and taxing non-fungible tokens. Colorado is bracing for a flood of amended returns as its legislature debates a plan that would make its pass-through entity tax regime retroactive to 2018.

The most consequential but overlooked tax legislation coming out of a state capitol this year might be New Hampshire’s decision to study a new corporate income tax filing protocol designed to crack down on income shifting to tax havens.

The legislature opened ...