Trump Administration Policies Enable $40 Billion in Corporate Tax Avoidance Through Offshore Havens
By
Jesse Drucker, Dylan Freedman
1d ago· 4 min readenNews
95/100
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Summary
The article reports that U.S. companies have skirted at least $40 billion in taxes since the beginning of 2025 through offshore tax avoidance schemes in jurisdictions like Malta, Bermuda, and Cyprus. It details how the Trump administration's policies, hidden in fine print, have facilitated corporate tax dodging, allowing companies to shift profits to low-tax havens and avoid paying U.S. taxes.
Key quotes
· 3 pulledU.S. companies skirted at least $40 billion in taxes since the beginning of 2025 thanks to schemes in places like Malta, Bermuda and Cyprus.
Trump Clears Way for Corporate Tax Dodge Hidden in the Fine Print
A favorite destination for tax-dodging by U.S. companies was the tiny Mediterranean island of Malta.
U.S. companies skirted at least $40 billion in taxes since the beginning of 2025 thanks to schemes in places like Malta, Bermuda and Cyprus.
