Don't Be Churlish About Taxes; Look To Scandinavia - I have many times said that the one set-in-stone rule in politics is *he who frames the issue wins the debate.* For too long, we have ceded the debate on...
4 hours ago
"A stray dog sees only what it chases."
A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens. In a report released Wednesday, the U.S. Public Interest Research Group offers a state-by-state breakdown of the cost to taxpayers of tax revenue lost to "shell companies and sham headquarters" in places like Switzerland and the Cayman Islands.
The practice soaks dutiful taxpayers in every state for hundreds of millions of dollars, according to U.S. PIRG. The citizens of New York and Texas shoulder over $8 billion a year, and the good people of California are on the hook for an extra $11 billion.