Study: Closing Offshore Tax Loophole Can Save Maine Millions

  • Posted on: 5 February 2014
  • By: admin

As the legislature debates how to prevent cuts to revenue sharing funds for municipalities, the Maine Small Business Coalition released a new report today that details how Maine can take steps to curb offshore tax dodging, making available millions of dollars in revenue previously lost to corporate tax havens.

Report: Offshore Tax Dodging Blows a $116 Million Hole in Maine State Budget

  • Posted on: 6 February 2013
  • By: admin

Today, the Maine Small Business Coalition, in partnership with the U.S. Public Research Interest Group, released a new report that reveals that Maine loses $58 million in revenue a year due to offshore tax dodging. Many of America's wealthiest individuals and largest corporations use tax loopholes to shift profits made in America to offshore tax havens, where they pay little to no taxes.