by Denis Campbell
Rachel Maddow’s example on MSNBC was a simple enough explanation of how $21 billion dollars in annual tax revenue disappears from US coffers through legal loopholes that create tax shell corporations.
Mr. Bill Hypothetical, based in Texas, earns $50,000 annually and pays a 25% tax rate. KBR’s profits, also based in Texas (a military [...]
Tag | shell companies
Connecting the Offshore Dots
Posted on 05 May 2009 by Denis Campbell | Comments (0) | Tags: Bank of America, Cayman Islands, Citi Group, Morgan Stanley, MSNBC, Rachel Maddow, shell companies, Tax Code, Tax shelters, Ugland House
















































