Trump Administration Policies Enable $40 Billion in Corporate Tax Avoidance Through Offshore Havens
By
Jesse Drucker, Dylan Freedman
Toasted golden, schmeared with insight. Top of the rack.
Summary
The article reports that U.S. companies have skirted at least $40 billion in taxes since the beginning of 2025 through tax avoidance schemes in jurisdictions like Malta, Bermuda, and Cyprus. The policy changes were enabled by the Trump administration through fine-print provisions that facilitate corporate tax dodging. The piece details how these offshore tax havens are being used by American corporations to 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.
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