Wisconsin is considering a change in state tax law that would eliminate the ability of corporations, including community banks, to shift tax burdens to lower-cost states.

To avoid taxes imposed by some states on investments such as U.S. Treasury securities, many companies - including banks, which hold a lot of this sort of investment - create subsidiaries in low-tax havens such as Delaware and Nevada.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.