Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011 | Alternet

February 6, 2013  |        States across the country lost nearly $40 billion dollars of revenues in 2011 due to offshore tax havens, according to a new report by U.S. PIRG Education Fund. The study reveals that corporations account more than $26 billion of lost revenue, while wealthy individuals are responsible for the rest. The blow to states rests on top of nearly $150 billion of lost annual federal revenue due to corporate loopholes.

via Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011 | Alternet.

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