Corporations Push Profits Into Tax Havens as Countries Struggle in Pursuit, Study Says
Editors note: this article makes clear that CPA’s preferred tax system, sales factor apportionment, would be better for US production. It would eliminate the tax discrimination in favor of multinational in foreign companies and against against US domestic companies. Multinational companies shift about 40% of the profits they earn outside their home countries into tax havens, eluding…