December 16, 2016

The Intercept: Apple, Google and Others at Trump Tech Summit Have Stashed $560 Billion in Profits Overseas

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“The last thing we should be doing is rewarding these bad actors with special tax breaks that are unavailable to the rest of us,” said Matt Garner, a senior fellow at the Institute on Taxation and Economic Policy. “The critical question to ask about corporate tax reform going forward is how it can stop companies like Apple and Microsoft from fleecing American taxpayers by shifting their profits into tax havens. And this doesn’t seem like a question that the business leaders attending the tech summit will be interested in helping the next administration to answer.”

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