Many multinational corporations and wealthy Americans use accounting tricks and offshore tax havens to avoid paying taxes on profits and income that they earned in the U.S. Right now these practices are perfectly legal - and that's the problem. Revenues that are earned from sales and work here in the United States are hidden overseas and it costs the U.S. up to $150 billion in lost tax revenue every single year. When that burden is redistributed to individual taxpayers, through either increased taxes, cuts to public services, or growing national debt, it costs every Wisconsinite $773 per year. If the costs of corporate tax haven abuse were shifted to small businesses, it would cost every Wisconsin small business $2,746 per year.
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