Summary: PWBM projects that U.S. multinational corporations will generate about $4.6 trillion in Global Intangible Low-Taxed Income over the 10-year period from 2021 to 2030. PWBM estimates that 3 percent of this amount, or about $140 billion, would be apportioned to Massachusetts.

Table 1. GILTI apportioned to Massachusetts

Billions of Dollars

Year All U.S. multinational corporations Apportioned to Massachusetts
2020 382 11.6
2021 388 11.8
2022 402 12.2
2023 424 12.8
2024 445 13.5
2025 464 14.1
2026 462 14
2027 473 14.3
2028 486 14.7
2029 503 15.2
2030 520 15.8
Total,
2021-2030		 4,568 138.4