DAS KAPITAL: New Report Exposes World of Offshore Corporate Tax Avoidance – By Richard Phillips

RIELPOLITIK

Source – taxjusticeblog.org

“…The U.S. Public Interest Research Group (PIRG), finds that Fortune 500 companies are now holding $2.5 trillion in earnings offshore. The report finds that holding these earnings offshore allows companies to avoid an estimated $718 billion in taxes”:

(New Report Exposes World of Offshore Corporate Tax Avoidance – By Richard Phillips)


new report by Citizens for Tax Justice, the Institute on Taxation and Economic Policy and the U.S. Public Interest Research Group (PIRG) finds that Fortune 500 companies are now holding $2.5 trillion in earnings offshore. The report, “Offshore Shell Games,” finds that holding these earnings offshore allows companies to avoid an estimated $718 billion in taxes. Given the huge amount of revenue at stake, it is no wonder that congressional leaders and even the presidential candidates have begun looking at these earnings as a potential source of government revenue.

The key driver of…

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