Tax Havens, Animated
by Patrick Lester, 4/11/2013
Tax Havens 101: The high cost of going offshore, an animation by The Washington Post, illustrates how offshore tax havens allow investors to legally – and quite easily – dodge taxes and accountability. This loophole costs our country billions in lost revenue. A recent report by U.S. Public Interest Research Group (PIRG) found that these tax havens cost the average taxpayer $1,026 and each small business $3,067 each year.
For more on tax havens, watch this clip from the film We’re Not Broke.