Tax Havens: International Tax Avoidance and Evasion
Description:
The federal government loses both individual and corporate income tax revenue from the shifting of profits and income into low-tax countries, often referred to as tax havens. The revenue losses from this tax avoidance and evasion are difficult to estimate, but some have suggested that the annual cost of offshore tax abuses may be around $100 billion per year. Recent actions by the Organization for Economic Cooperation and Development (OECD) and the G-20 industrialized nations have targeted tax …
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Date:
July 9, 2009
Creator:
Gravelle, Jane G.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department