Corporate tax evasion is a growing global phenomenon.  The amount of money corporations stash in tax havens is greater than the size of the U.S. economy.  What’s more absurd, 18,857 companies call a five-story building in the Cayman Islands “home.”

The U.S. alone stockpiles nearly $2 trillion foreign tax shelters to evade some of the highest effective tax rates in the world.  Check out the following infographic on tax havens, which outlines some shocking figures concerning the state of foreign tax avoidance.

Tax Havens of the Wealthy and Powerful
Source: Tax Havens of the Wealthy and Powerful


JDKatz: Attorney's At Law

JDKatz, P.C. is a full-service law firm focused on tax law and estate planning. We are dedicated to minimizing your existing liability and risks while providing valuable tax planning to streamline your tax issues in the future. Please call us at 301-913-2948 to schedule an appointment to meet with one of our trusted attorneys.