With Congress considering big cuts to vital services in the upcoming round of budget negotiations, Delaware ADA has released a new report showing that the vast majority of large companies are dodging taxes by stashing money in offshore tax havens.
DuPont, which is headquartered here in Delaware, is one example.
The Public Interest Research Group study found that DuPont currently holds $13 million offshore through its 17 tax haven subsidiaries in Bermuda, Hong Kong, Luxembourg, The Netherlands, Singapore, and Switzerland.
You can download the report here: http://uspirg.org/reports/usp/offshore-shell-games
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