Offshore Tax Havens Cost Average Taxpayer $1,026 a Year, Small Businesses $3,067

From U.S.PIRG

April 4, WASHINGTON – With Tax Day approaching, it’s a good time to be reminded of where our tax dollars are going. U.S. PIRG was joined today by Senator Levin (D-MI), Joseph Rotella, the owner of a Massachusetts small business, and Scott Klinger, the Tax Policy Director of the American Sustainable Business Council and Business for Shared Prosperity, to release a new study which revealed that the average taxpayer in 2012 would have to shoulder an extra $1,026 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. The report also found that the average small business would have to pay $3,067 to cover the cost of offshore tax dodging by large corporations.

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