Sanders: U.S. multinationals would owe $620 billion on overseas profits


Getting companies to pay more in taxes is one of the pillars of Bernie Sanders’ plans for America. The extra revenue plays a key role in everything from universal health care, to tuition-free college, to rebuilding the nation’s aging water mains, bridges and highways. How much does he think is there? “The largest U.S. companies would owe $620 billion in U.S. taxes on the cash they store in tax havens,” Sanders tweeted April 6, 2016. That’s a fair chunk of change, and we thought we’d see if it held up. By the way, there’s no single definition of a tax haven

Sourced through Scoop.it from: www.politifact.com

Author: 99er

I'm a political activist dedicated to ending two-party rule in America.

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