Tax Review Commission (Department of Taxation)
Seventeenth Meeting of the 2025-2027 Tax Review Commission
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What's Being Discussed
The Hawaiʻi Tax Review Commission is holding its 17th meeting on Wednesday, November 18, 2026, from 2:00–4:00 p.m. via Zoom. The commission reviews the state's tax system and recommends changes. Key topics on the agenda include:
- Worldwide Combined Reporting and Foreign Corporation Income: Continuing discussion on how multinational businesses report and are taxed on income earned globally.
- Voluntary Disclosure Agreements: Following up on a process that allows taxpayers to come forward and resolve unpaid taxes with reduced penalties.
- Single Sales Factor: Revisiting a method for calculating how much of a business's income is taxable in Hawaii based solely on its sales here.
- Conveyance Tax — Controlling Interest Provision: Continued discussion on whether to tax transfers of ownership in companies that hold real property, not just direct property sales.
- Tax Competitiveness: Beginning to explore how Hawaii's tax system compares to other states in terms of attracting and retaining businesses.
- UHERO Draft Report: Continued review of an economic research report from the University of Hawaiʻi and developing feedback for the researchers.
Decisions Expected
- A vote to approve the minutes from the November 9, 2026 meeting.
- Discussion of future meeting topics and scheduling.
Who Should Pay Attention
- Business owners, especially those operating across multiple states or countries
- Real estate investors and developers interested in potential changes to the conveyance tax
- Taxpayers with unpaid tax obligations curious about voluntary disclosure options
- Anyone interested in Hawaii's overall tax policy and economic competitiveness
참여 방법
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