Foreign Policy and Tax Havens
With Monday's presidential debate focusing on foreign policy, it's worth taking a look at a new Citizens for Tax Justice analysis that found 285 of the Fortune 500 companies piled up more than $1.5 trillion in overseas profits by the end of 2011. There is evidence, according to the report, that these profits were artificially shifted out of the United States and other countries where the companies actually do business and into foreign tax havens.
Read the report here.
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