America loses $100 billion a Year to Offshore Tax Havens

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens. In a report released Wednesday, the U.S. Public Interest Research Group offers a state-by-state breakdown of the cost to taxpayers of tax revenue lost to “shell companies and sham headquarters” in places like Switzerland and the Cayman Islands. Full Story : Huffingtonpost……