The typical Illinois taxpayer would have to fork up an additional
$1,058 a year to offset the lost revenue from offshore tax havens used
by U.S. corporations and wealthy individuals, a new report from the Illinois Public Interest Research Group (PIRG) finds.
Illinois’
small businesses would also need to pay an extra $3,202 annually to
shoulder the tax-dodging costs, according to the report.
“With the
nation facing such serious budget challenges, it’s a no-brainer that we
need to close these loopholes and stop letting large corporations avoid
paying what they should,” Anu Dathan, program associate for Illinois
PIRG, said in a statement.
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