Banks Say “Thanks for the Bailout,” Now We’ll Park our Profits in Overseas Tax Havens

Banks Say “Thanks for the Bailout,” Now We’ll Park our Profits in Overseas Tax Havens

by aletho

By Steve Straehley | AllGov | March 16, 2015 Giant financial institutions that benefitted from federal bailouts during the depths of the recession have repaid the American people’s largesse by hiding profits overseas to avoid paying their fair share of taxes. According to a report (pdf) commissioned by Senator Bernie Sanders (I-Vermont), four big banks—Citigroup, […]