Report: Changing Tax Rules For Tech Giants Would Mean $89 Billion For U.S. Gov
March 14, 2014 at 16:02 PM EDT
Tech giants, including Google to Apple, are notorious fans of offshore tax havens, which saves them billions of dollars. A new report from the Bureau of Investigative Journalism finds that "if this cash was brought onshore and taxed at the current US corporation tax rate of 35%, it would produce a $89bn windfall for the US Treasury – equivalent to 17% of America’s projected $514bn budget… Read More