According to a new study published by the Pennsylvania Public Interest Research Group (PennPIRG), offshore tax havens exploited by large corporations cost the average Pennsylvania taxpayer $452 in 2011. That’s because heightened taxes, budget cuts and increasing the national debt are all methods employed to compensate for the $100 billion saved annually from federal taxation because of offshore tax havens. [PennPIRG]
Around the Web
Be respectful of our online community and contribute to an engaging conversation. We reserve the right to ban impersonators and remove comments that contain personal attacks, threats, or profanity, or are flat-out offensive. By posting here, you are permitting Philadelphia magazine and Metro Corp. to edit and republish your comment in all media.