How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) – The New York Times How Corporations and the Wealthy Avoid Taxes (and How to Stop Them)

an estimated $8.7 trillion, 11.5 percent of the entire world’s G.D.P., is held offshore by ultrawealthy households in a handful of tax shelters, and most of it isn’t being reported to the relevant tax authorities. This is… not so legal.

These figures represent a huge loss of resources that, if collected, could be used to cut taxes on the rest of us, or spent on social programs to help people in our societies.

How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) – The New York Times

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