When A ‘Tax Bonanza’ Is Actually A Huge Corporate Tax Break

There is a push underway for a huge corporate tax break from the next administration. Multinational corporations owe more than $720 billion in taxes on profits stashed in tax havens. They are proposing to bring those profits back if the government lets them pay only a fraction of what’s owed. This is being sold as a “tax bonanza” to pay for infrastructure. Actually it’s a “tax-break bonanza” for corporations. Don’t be bamboozled.

Source: When A ‘Tax Bonanza’ Is Actually A Huge Corporate Tax Break

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