overseas tax haven

Politics & Government
3:32 pm
Thu September 19, 2013

Senator Levin introduces bill to close tax loopholes, hopes it’ll help close federal deficit

Senator Carl Levin
Derek DeVries Grand Rapids Community College

U.S. Senator Carl Levin (D-MI) introduced legislation Thursday he says will close a number of tax loopholes. Levin sees the bill as part of a larger plan to reduce the federal deficit.

Levin says his bill would provide about $220 billion more in tax revenue over ten years.

Read more
Politics
4:01 pm
Sat July 16, 2011

Levin: It's time to close the overseas tax haven loophole

The sun setting along a beach in the Cayman Islands
(Flickr ebatty)

Michigan Senator Carl Levin says one way to reduce the nation’s federal budget deficit is to close loopholes in overseas tax havens.  Levin says offshore tax loopholes cost the federal treasury 100 billion dollars every year.   He says the complexity of the tax havens make them difficult to trace. 

Read more