Offshore Tax Havens: A State-by-state Breakdown Of The Cost To Taxpayers

Offshore Tax Havens: A State-By-State Breakdown Of The Cost To Taxpayers

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens (PDF). In a report released Wednesday, the U.S. Public Interest Research Group offers a state-by-state breakdown of the cost to taxpayers of tax revenue lost to "shell companies and sham headquarters" in places like Switzerland and the Cayman Islands. The practice soaks dutiful taxpayers in every state for hundreds of millions of dollars, according to U.S.

Sections:  news   u.s.   politics   
Topics:  offshore tax haven   tax evasion   tax haven   taxes   
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