Tax Dodging By Corporations And The Wealthy Cost Each Taxpayer $1,026 In 2012

Tax Dodging By Corporations And The Wealthy Cost Each Taxpayer $1,026 In 2012: America’s largest corporations have stashed nearly $1.5 trillion in offshore tax havens like Bermuda, the Cayman Islands, and Ireland — countries where they do little business but claim massive profits due to low tax rates. As a result, corporate tax rates fell to a 40-year low in 2011 even as profits rose to a 60-year [...]/p