Washington state taxpayers pay an extra $1,091 in taxes to make up for revenue lost to offshore tax havens, according to a study by WashPIRG, a state public interest group.
“Tax dodging is not a victimless offense,” said Micaela Preskill of WashPIRG, in a news release on Thursday. “When companies use accounting gimmicks to move their profits to tax haven shell companies, the rest of us have to pick up the tab.”
The group estimates that each year, corporations and wealthy people avoid paying about $150 billion in taxes by stashing profits in offshore tax havens. Some $90 billion of …