U.S. Loses More Revenue To Corporate Tax Havens Than It Spends On Several Agencies

U.S. Loses More Revenue To Corporate Tax Havens Than It Spends On Several Agencies: pThe Congressional Budget Office noted last week that U.S. corporate tax revenue has hit a 40 year low, driven down by corporate tax cuts and the widespread use of loopholes and tax havens. While corporate profits have rebounded to their pre-recession heights, corporate revenue has yet to even remotely follow suit. One of the big [...]/p