Tuesday, October 23, 2012


Why do 18,857 of our largest U.S. companies use this one building as there home address?


With Monday's third 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: http://ctj.org/pdf/offshoreincome.pdf


1 comment:

  1. Did you ever wonder what all of these banks are doing on the Cayman Islands?



    http://www.constructionweekonline.com/pictures/Barwafinal-web.jpg

    Here is what those banks are doing in the Cayman Islands:
    (Click on the web address below)



    http://www.mastersdegreeonline.org/masters-of-tax-evasion/

    ReplyDelete