The Intercept: Companies Lobbying Infrastructure Tax Increase Have Avoided Paying Billions in Taxes
media mentionA 2016 report from the U.S. Public Interest Research Group, Citizens for Tax Justice, and the Institute on Taxation and Economic Policy found that Bristol Myers Squibb held $25 billion across 23 tax haven subsidiaries. In 2012 the company set up a tax haven subsidiary in Ireland, which the IRS later described as an “abusive” tax shelter that could allow the company to avoid paying $1.4 billion in taxes. Read more