Tax & budget

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Offshore Tax Dodging Blows a $506 million Hole in Oregon Budget

Tax & budget

Offshore Tax Dodging Blows a $506 million Hole in Oregon Budget

With Oregon facing tough budget choices, OSPIRG Foundation, joined by Main Street Alliance, released a new study revealing that the State of Oregon lost an estimated $506 million due to offshore tax dodging in 2012. Many of America’s wealthiest individuals and largest corporations use tax loopholes to shift profits made in America to offshore tax havens, where they pay little to no taxes.

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