WVTF Radio: Hiding from the Taxman?
media mention“At the Institute on Taxation and Economic Policy, Director Matthew Gardner did some of the research. He says corporate profits are parked in one of about 50 countries with no income tax and no transparency.“In 2010, American multi-nationals reported earning $51 billion in the Cayman Islands alone,” he explains. ” What American companies are reporting in profits in the Cayman Islands is16 times bigger than the entire Cayman Islands’ economy.””