How Corporations Elude $21 trillion from the Tax Man [infographic]

May 14, 2013 — 1 Comment

Corporate tax evasion is a growing global phenomenon.  The amount of money corporations stash in tax havens is greater than the size of the U.S. economy.  What’s more absurd, 18,857 companies call a five-story building in the Cayman Islands “home.”

The U.S. alone stockpiles nearly $2 trillion foreign tax shelters to evade some of the highest effective tax rates in the world.  Check out the following infographic on tax havens, which outlines some shocking figures concerning the state of foreign tax avoidance.

Tax Havens of the Wealthy and Powerful
Source: Tax Havens of the Wealthy and Powerful



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Trackbacks and Pingbacks:

  1. Senate reports Apple sheltered $44 billion in offshore tax havens « The Joy of Tax Law - May 21, 2013

    […] Levin has previously focused on tech companies such as Hewlett-Packard and Microsoft for their use of offshore tax havens to avoid steep U.S. taxes. (See also: infographic on tax havens) […]

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