BLOG: Levin Calls for Crackdown on Offshore Tax Havens

Around $100 billion — that’s how much the U.S. treasury loses each year as a result of corporations’ addiction to offshore tax havens, according to Senator Carl Levin (D-MI).

Levin and Reps. Rosa DeLauro (D-CT), Lloyd Doggett (D-TX), and Sander Levin (D-MI) want the Obama administration’s fiscal year 2010 budget to include an array of measures aimed at shutting down what they describe as “offshore tax abuses.”

Read more at The Big Fat Finance Blog.