New Hampshire operates a unique business tax structure where business activity generates an estimated 39% of state revenue in 2025—the highest proportion of any U.S. state—yet 81% of registered businesses pay no Business Enterprise Tax (BET) or Business Profits Tax (BPT). This dramatic asymmetry …
New Hampshire Department of Revenue AdministrationNew Hampshire LegislatureLimited Liability Companiescorporate-taxationtax-avoidancellc-loopholesbusiness-profits-taxbusiness-enterprise-tax+2 more
Chicago businessman Barre Seid provided an unprecedented $1.6 billion donation to Leonard Leo’s Marble Freedom Trust through a strategic stock transfer of Tripp Lite to Eaton Corporation. This donation, the largest known to a political advocacy group in U.S. history, potentially avoided …
Barre SeidLeonard LeoMarble Freedom TrustEaton Corporationdark-moneyconservative-movementjudicial-capturenonprofit-financingtax-avoidance+1 more
The International Consortium of Investigative Journalists (ICIJ) released the Pandora Papers, the largest offshore data leak in history, containing 11.9 million files from 14 financial services companies across multiple jurisdictions. The investigation exposed the secret offshore affairs of 35 …
International Consortium of Investigative Journalists (ICIJ)King Abdullah II of JordanAndrej BabišSebastián PiñeraVolodymyr Zelensky+3 morecorruptionoffshore-financetax-avoidancepandora-paperskleptocracy+2 more
The New York Times obtained and published a comprehensive investigation into President Donald Trump’s tax returns covering more than 20 years, revealing that Trump paid just $750 in federal income taxes in both 2016 (the year he won the presidency) and 2017 (his first year in office). The …
Donald TrumpNew York TimesIvanka TrumpTrump Organizationtax fraudfinancial fraudtrump organizationtax avoidancemedia investigation
By 2020, OECD analysis of multinational corporate tax avoidance identified Google among the most aggressive tax avoiders globally, with the company systematically avoiding an estimated $7+ billion annually in taxes through profit shifting to tax havens—maintaining an effective global tax rate under …
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On September 12, 2019, Google agreed to pay €945 million ($1.1 billion) to French authorities to settle a four-year tax fraud investigation—avoiding criminal prosecution by negotiating a financial settlement despite evidence of systematic tax evasion. The case exemplified how corporate tax fraud is …
GoogleFrench tax authorityFrench governmentBruno Le Maire (Finance Minister)Paris courtgoogletax-avoidancefrancetax-fraudsettlement+2 more
Seattle’s City Council unanimously passed a “head tax” on large employers on May 14, 2018, taxing companies earning $20 million+ annually at $275 per full-time employee to fund affordable housing and homeless services. Amazon—with 45,000 Seattle employees and facing a $12 million …
AmazonJeff BezosWashington PostSeattle City CouncilJenny Durkanmedia-capturecorporate-welfaretax-avoidancelocal-politicseditorial-capture
Amazon paid zero federal income tax for the second consecutive year despite nearly doubling its U.S. profits to $11.2 billion in 2018. Beyond avoiding all federal taxes, Amazon actually received a $129 million tax rebate from the federal government—yielding a negative 1% effective tax rate. This …
AmazonJeff BezosInstitute on Taxation and Economic Policytax-avoidancecorporate-welfarewealth-extractionbillionaire-impunity
Dutch regulatory filings revealed that in 2017, Google transferred $23 billion (€19.9 billion) through its Netherlands shell company to its Bermuda-based entity—one of the largest single-year tax avoidance maneuvers in corporate history, allowing Google to avoid approximately $4 billion in taxes on …
GoogleAlphabetSundar PichaiDutch authorities (disclosure)Bermuda shell companygoogletax-avoidancebermudaoffshoreshell-companies+2 more
Johns Hopkins researchers published findings demonstrating that pharmaceutical companies were systematically gaming the 1983 Orphan Drug Act by obtaining orphan drug designations—intended for treatments of rare diseases affecting fewer than 200,000 Americans—for blockbuster drugs generating billions …
Johns Hopkins UniversityFDAAbbVieRocheJohnson & Johnson+4 morepharmaceutical-industryregulatory-capturetax-avoidancedrug-pricinghealthcare+2 more
On May 21, 2013, the Senate Permanent Subcommittee on Investigations held hearings examining multinational corporation tax avoidance, with Google as a primary focus. The investigation exposed that Google paid only a 2.4% tax rate on foreign profits—avoiding approximately $2 billion annually in taxes …
Senate Permanent Subcommittee on InvestigationsCarl LevinJohn McCainGoogleEric Schmidt+1 moregoogletax-avoidancesenateinvestigationcarl-levin+3 more
Halliburton announced on March 12, 2007, that it was relocating its corporate headquarters and CEO David Lesar from Houston, Texas, to Dubai in the United Arab Emirates, citing business opportunities in the Middle East where 38% of its $13 billion in oil field services revenue originated and 16,000 …
By 2003, Google had established the “Double Irish with a Dutch Sandwich”—the most sophisticated corporate tax avoidance structure in history—allowing the company to route profits through Ireland, Netherlands, and Bermuda to avoid paying billions in taxes on non-US revenues despite …
GoogleLarry PageSergey BrinIrish governmentDutch government+2 moregoogletax-avoidanceirelandbermudadouble-irish+3 more