Cayman islands and virgin islands, the amount of profit they attributed to these countries is in some cases 1600 more than the Gross Domestic Product of these countries. This is outright tax avoidance. Im a Small Business owner. I know many Small Business owners pay their taxes legitimately, but some corporations take advantage of these tax havens and tax laws. Specific lit one that really has gotten a lot of attention lately is this inversion process. The fact we know already pharmaceutical companies and Manufacturing Companies have been looking at this, but most recently some Retail Companies like walgreens is in the process of potentially going down this road, which would be a whole new area we havent seen taking advantage of this practice walgreens, if i understand it right, there is an estimate over five years we could lose 4 billion worth of tax revenue if they were to do this practice, which is something that i think the average person would look at as nothing more than thes not
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