50 Largest US Corporations Hide $1.4 Trillion In Tax Havens Overseas
50 Largest US Corporations Hide $1.4 Trillion In Tax Havens Overseas
- The Oxfam report reveals that the 50 largest U.S. corporations stashed a staggering $1.4 trillion dollars in tax havens outside the American border. This means a loss by the government of an estimated $111 billion in yearly tax revenue that “could have helped lift 60 percent of poor kids in the U.S. out of poverty and created an additional 620,000 jobs rebuilding America’s crumbling infrastructure”.
- The Oxfam report reveals that the 50 largest U.S. corporations stashed a staggering $1.4 trillion dollars in tax havens outside the American border. This means a loss by the government of an estimated $111 billion in yearly tax revenue that “could have helped lift 60 percent of poor kids in the U.S. out of poverty and created an additional 620,000 jobs rebuilding America’s crumbling infrastructure”.