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Corporate tax havens study

Mabili Ogun about almost 4 years ago

Corporations untaxed and tax avoidance is on the rise. A study, by the Berkeley, Calif.-based Greenlining Institute, shows that twenty of the largest U.S.-based multinational corporations have established hundreds of foreign subsidiaries combined which they use to successfully evade U.S. corporate taxes by - on paper - shifting their profits overseas. The practice, if it were outlawed, would yield the government $3 billion in tax revenue from the nine top companies alone. The study also shows that those firms have reaped billions of dollars in federal contracts. see a pdf copy of the study here:link text

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