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New Report: Multinationals Dodging $718bn in U.S. Taxes on Profits Booked Offshore


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New Report: Multinationals Dodging $718bn in U.S. Taxes on Profits Booked Offshore

Financial Accountability and Corporate Transparency (FACT) Coalition

WASHINGTON - The largest American companies have stashed nearly $2.5 trillion in profits offshore allowing them to dodge $718 billion in U.S. taxes, according to a new report released Tuesday by Citizens for Tax Justice (CTJ), the Institute on Taxation and Economic Policy (ITEP), and the U.S. Public Interest Research Group (PIRG) Education Fund—all members of the Financial Accountability and Corporate Transparency Coalition (FACT Coalition).

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