U.S. Representatives say it’s time to limit federal contracts to companies that use offshore tax havens. Will Senators agree? Do you?
Big American businesses are making big use of legal foreign tax havens to lower their U.S. tax bills.
The IRS continues to go after taxpayers who hide their money and the foreign banks that help them. But is the system being administered fairly?
The super-rich had at least $21 trillion hidden in secret tax havens worldwide at the end of 2010. And it’s probably a low-ball amount.