Majority Of Fortune 500 Using Offshore Tax Schemes To Hide $90 Billion

By: Friday June 6, 2014 10:17 am

According to a new report from Citizens for Tax Justice and the U.S. Public Interest Research Group, the majority of America’s Fortune 500 companies are cheating the tax man to the amount of approximately $90 billion by using offshore tax havens. That cheating leaves the rest of US taxpayers on the hook to make up [...]

Cayman Islands Investment Becomes Obstacle For Treasury Secretary Nominee

By: Monday February 11, 2013 5:49 am

Jack Lew’s nomination for Treasury Secretary was already proving to be contentious but now questions are being raised on Lew’s personal financial activities. Lew reportedly made an offshore investment in the Cayman Islands that may have been an attempt to avoid taxes. Treasury secretary nominee Jack Lew will face questions at his confirmation hearing next [...]

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