
TexPIRG’s new report on tax havens, Tax Shell Game, was released on
April 15, Tax Day. The report shows how major U.S. corporations avoid
paying their fair share of taxes by hiding money in tax havens like the
Cayman Islands. Loopholes in the current tax code mean that U.S.
citizens have to make up for some $100 billion hidden offshore. The
Obama budget currently being considered by Congress would close many of
these loopholes.