Offshore Tax Havens Cost Pennsylvania Citizens

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]