Tax Havens

What are Tax Havens and why they are preferred by wealthy individuals and large corporations?

The use of foreign tax havens by wealthy Americans and corpoations is worse than ever. Tax havens are draining about $100 billion annually from the U.S. Treasury. The rest of us are paying more taxes because of this.

Tired of life on land? Why don't we all live on a boat?

President Barack Obama has announced his intentions of closing tax loopholes that allow corporations to shift their income to tax havens in order to avoid paying taxes. Read on for more details.