By Kim Dixon

The U.S. government loses $37 billion per year in tax revenues because multinational corporations stash money in overseas tax havens, Democratic Senator Carl Levin and a group of small businesses said in a report on Tuesday.

By Lynnley Browning

Offshore tax havens have a new critic: small businesses. On Tuesday, hundreds of these businesses will join in the announcement of a grass-roots campaign against tax avoidance that has already drawn support from a prominent lawmaker.

by Kent Hoover
It’s big business versus small business in a new campaign to end the abuse of offshore tax havens by U.S.-based multinational corporations.
A new coalition, Business and Investors Against Tax Haven Abuse, issued a report today that concluded at least $37 billion a year in additional tax revenue could be collected if Congress cracked [...]

By Chuck Collins
These days, the local businesses in your neighborhood probably pay a higher percentage of their income in taxes than U.S. Fortune 500 companies.
Over the last two decades, multinational companies have taken advantage of huge tax loopholes, moving income and assets between foreign subsidiaries to dodge taxes. Responsible Main Street businesses and individual taxpayers [...]

Multinational companies use tax havens to avoid $37 billion in taxes — money that could be spent on a small business lending fund.
By Courtney Rubin
Hundreds of small businesses have joined the fight against offshore tax havens that they believe are bad for business.
Senator Carl Levin, a Michigan Democrat, is backing the campaign, officially called Business [...]

By Martin Vaughan
WASHINGTON -(Dow Jones)- Sen. Carl Levin (D., Mich.) said he will attempt to add sanctions for banks judged to be helping U.S. customers evade taxes to a small business bill now pending in the Senate.
Levin said the anti-tax-evasion provision would raise money to help offset the cost of small business lending provisions, including [...]

By Jesse Drucker

When Tyler Hurst swiped his debit card at a Walgreens pharmacy in central Phoenix, it kicked off an international odyssey of corporate tax avoidance. He went home with an amber bottle of Lexapro and the profits from his $99 purchase began a 9,400-mile journey that would lead across the Atlantic Ocean and more than halfway back again.

By Arianna Huffington

The bracing reality that America has two sets of rules — one for the corporate class and another for the middle class — has never been more indisputable. The middle class, by and large, plays by the rules, then watches as its jobs disappear — and the Senate takes a break instead of extending unemployment benefits. The corporate class games the system — making sure its license to break the rules is built into the rules themselves.

A loophole in U.S. tax law continues to allow foreign-owned insurance companies to avoid paying billions of dollars of income tax on their U.S. business by stripping their earnings into overseas tax havens.
As the CEOs of leading domestic insurance companies, we urge Congress to close this loophole and end the unfair and unintended competitive [...]

By Ron Claiborne, ABC World News

As America struggles with record deficits, tax dodgers apparently are taking billions of dollars out of the country. A new report from the business giant Bloomberg News finds hundreds of companies skirting $60 billion in taxes, and the practice is completely legal.