US Companies Avoiding $620B In Taxes: Report
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America’s largest companies are harboring more than $2.1 trillion in profits overseas to avoid paying taxes stateside, a report showed. The accumulated profits, if repatriated from places that include Bermuda, Ireland, Luxembourg and the Netherlands, would amount to an estimated $620 billion in U.S. tax revenue. The study, which was conducted through two left-leaning nonprofit organizations…
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.