#taxdodging — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #taxdodging, aggregated by home.social.
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…Some companies using #TaxHavens to avoid #US income tax rely on #FederalFunding for their profits. #ThermoFisherScientific, the scientific equipment maker, cut its taxes by $3.5 billion last year via Malta. #Honeywell, which received over $30 billion in #Defense Dept contracts over the past decade, used Swiss units to cut its tax rate by more than a quarter — or $301 million — last year.
#law #plutocracy #Trump #billionaires #corporations #TaxDodging #CorporateTax #business #economy #IRS #SEC
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This is what he’s talking about when he says he’s cut taxes:
#Trump Has Allowed #Corporations to Skirt at Least $40 Billion in #Taxes
#TaxHavens became more appealing after Trump signed an order over a year ago to withdraw the #US from an international effort to end such schemes.
#law #plutocracy #criminal #billionaires #TaxDodging #TaxShelters #CorporateTax #business #economy #IRS #SEC
https://www.nytimes.com/2026/05/29/business/economy/offshore-tax-havens-trump.html?unlocked_article_code=1.mFA.sFke.xRS1hemEGeWv&smid=nytcore-ios-share