cayman islands http://michiganradio.org en Levin: It's time to close the overseas tax haven loophole http://michiganradio.org/post/levin-its-time-close-overseas-tax-haven-loophole <p><a href="http://levin.senate.gov/newsroom/press/release/levin-unveils-stop-tax-haven-abuse-act">Michigan Senator Carl Levin</a> says one way to reduce the nation&rsquo;s federal budget deficit is to close loopholes in <a href="http://en.wikipedia.org/wiki/Tax_haven">overseas tax havens</a>.&nbsp; Levin says offshore tax loopholes cost the federal treasury 100 billion dollars every year.&nbsp;&nbsp; He says the complexity of the tax havens make them difficult to trace.&nbsp;</p> Sat, 16 Jul 2011 20:01:01 +0000 Steve Carmody 3338 at http://michiganradio.org Levin: It's time to close the overseas tax haven loophole