Tag Archives: US multinational tax dodges

US multinationals dodge $180 billion in taxes on foreign profits per year

Whoa, Nellie: talk about wars for oil extortion and profiteering!  But actually, part of the grifting is among USian non-oil multinationals as well.

From Barry Grey, wsws.org, 10 November 2018

“US multinational corporations are plundering the populations of the United States and the world to the tune of trillions of dollars by driving down and evading taxes on profits booked overseas. This is the conclusion that emerges from a recent study by University of California at Berkeley economist Gabriel Zucman and British economist Thomas Wright.
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