GAO: Many Bailout Recipients Operating in Tax-Haven Countries
By Mike Lillis |
01.16.09 | 2:21 pm
Want to lower your taxes and maybe get a bailout?
Incorporate.
The Government Accountability Office released a report today indicating that 83 of the 100 largest U.S. corporations — including many that are benefiting from Washington’s many taxpayer-funded bailouts — operate subsidiaries in countries known to be tax havens. Additionally, More…
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