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How Big American Corporations Dodge Taxes By Claiming Huge Profits In Tiny Countries

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American corporations avoid millions of dollars in taxes each year by reporting that large shares of their income are earned in five popular tax havens, even though small segments of their workforce and investment take place in those countries, according to data from the Congressional Research Service. The report analyzed five countries — Switzerland, Ireland, the Netherlands, Bermuda, and Luxembourg — that serve as popular tax havens, compared with five countries — Canada, Germany, the United Kingdom, Australia and Mexico — where American companies typically do large shares of their business

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