How The U.S. Squanders As Much As $430 Billion In Corporate Tax Revenues Each Year

How The U.S. Squanders As Much As $430 Billion In Corporate Tax Revenues Each Year: Each year, multinational corporations based in the United States shelter $1.5 trillion in profits in other countries, and because the U.S. doesn’t tax offshore profits, that money is not subject to the corporate income tax. Corporate profits kept offshore don’t face American taxation until they are repatriated — that is, brought back to the United [...]/p