By adopting GILTI (now redesigned as NCTI), Arizona would likely include billions of dollars in the corporate income tax base, primarily from large multinationals

Amount of GILTI by Corporation Total Assets, Tax Year 2021

Global Intangible Low-Taxed Income (GILTI) and Net Controlled Foreign Corporation Tested Income (NCTI). Each provision addresses profit shifting to low-tax jurisdictions.
Source: Internal Revenue Service, Global Intangible Low-Taxed Income, Tax Year 2021Get the dataCreated with Datawrapper