New "Pirates" Report on Corporate Tax Havens
"The Institute for Policy Studies (IPS) has just released a report on tax havens, Corporate Pirates of the Caribbean. The report shows that the corporations engaged in the “Fix the Debt” austerity push would gain up to $173 billion in tax breaks from their proposal for a “territorial tax system.” So under the guise of cutting deficits (because the public thinks they want that), these companies are actually pushing a plan to line their pockets while adding to deficits."
