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Reuters: U.S. could lose $37 billion a year to tax havens: Levin

July 20, 2010

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.

NYT: Small Businesses Go After Offshore Tax Havens

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.