Reading a book by Scott Galloway: Adrift, America in 100 Charts.
He has a chart showing the increase in the amount of corporate earning which are booked in tax havens. It's gone from 0% in the 1960's to 50% in 2016.
I wonder what it means. If we see a figure that corporations pay x% of their income as taxes, is their real tax rate considering total income x/2 %
And the audit rate has declined from the good old days of 1960 of 3 percent to less than .5%.
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