Report: Changing Tax Rules For Tech Giants Would Mean $89 Billion For U.S. Gov

Report: Changing Tax Rules For Tech Giants Would Mean $89 Billion For U.S. Gov

Tech giants, including Google to Apple, are notorious fans of offshore tax havens, which saves them billions of dollars. A new report from the Bureau of Investigative Journalism finds that “if this cash was brought onshore and taxed at the current US corporation tax rate of 35%, it would produce a $89bn windfall for the US Treasury – equivalent to 17% of America’s projected $514bn budget… Read More

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