Senator Levin Statement on G20 Meeting and Tax Havens

WASHINGTON — In response to a Washington, D.C. meeting of G20 leaders expected to address tax haven concerns among other issues, Sen. Carl Levin, D-Mich., who has spent more than a decade exposing offshore tax abuses through the U.S. Senate Permanent Subcommittee on Investigations, said:

“The concerns expressed by G20 leaders about tax evasion are more evidence that the world is finally getting fed up with tax havens and offshore tax abuse. Taxes are the price we pay for civilization, and there’s no room for freeloaders. At least ten countries have indicated they will join the United States in automatic exchanges of information to flush out offshore tax abuse. The critical next step is for the United States to close offshore tax loopholes that allow some multinational corporations and the wealthiest among us to force their tax burdens onto the backs of others.”