Majority of Fortune 500 Using Offshore Tax Schemes to Hide $90 Billion

By: Friday June 6, 2014 2:16 pm

According to a new report from Citizens for Tax Justice and the U.S. Public Interest Research Group, the majority of America’s Fortune 500 companies are cheating the tax man to the amount of approximately $90 billion by using offshore tax havens. That cheating leaves the rest of US taxpayers on the hook to make up the difference.

 

FDL Book Salon Welcomes Nicholas Shaxson, Treasure Islands: Tax Havens and the Men who Stole the World

By: Saturday April 30, 2011 1:59 pm

Treasure Islands tells us that tax havens are much larger and much more destructive than most might realize, yet at the same time enjoy much more unofficial and formal support from governments in advanced economies than many of us want to believe.

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