According to a congressional report, the cost of offshore tax abuses could be as high as $100 billion per year [PDF]. The corporations in these slides have been tricking the government twice over: first by hiding their money in offshore accounts and second by claiming they still needed the fed’s TARP funds.
Plenty of corporations not on this list didn’t get bailout money, but are still robbing Americans of tax revenue that should rightly be all of ours—massive pharmaceutical companies like Pfizer and retail companies like Apple, BestBuy, ExxonMobil, FedEx, McDonald’s and Safeway are just a few of the more recognizable corporations funneling money through tax havens.
In a time of crippling budget cuts across the US, Hari argues in his article in this week’s issue, “most of these cuts could be prevented simply by requiring super-rich individuals and corporations to pay their taxes.” What are American taxpayers waiting for? Read this 10-step guide to holding these corporate tax dodgers accountable for more ways to make them pay their fair share.
Research for this slide show provided by Kevin Gosztola
Credit: Reuters Pictures