At least 18 major U.S.Companies used tax havens to get out of paying billions in U.S. tax dollars. According to a report by the Citizens for Tax Justice, companies like Nike, Apple and Microsoft have kept a combined 92 billion dollars in profits in off shore accounts to avoid paying taxes on the money.
Only when a corporation brings this money back to the U.S., does it have to pay taxes. An then only the difference between what was previously paid in taxes to the country abroad and the top U.S. corporate tax rate. Read more at www.huffingtonpost.com
Only when a corporation brings this money back to the U.S., does it have to pay taxes. An then only the difference between what was previously paid in taxes to the country abroad and the top U.S. corporate tax rate. Read more at www.huffingtonpost.com
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