GRAND JUNCTION, Colo. (KKCO) - Budget cuts of recent years have put the squeeze on a lot of line items, but one group says millions are headed out of state each year.
According to the Colorado Public Interest Research Group known as COPIRG, Colorado has lost $504 million due to offshore tax dodging from corporate companies and America's wealthiest individuals.
"It's really widespread," said COPIRG representative Matthew Tonge. "There's a lot of big corporations which everybody interacts with every day who are getting away with not paying their fair share of taxes or somethines any taxes at all."
COPIRG officials argue the use of these offshore tax havens forces the rest of Americans to make up the difference through cutting public services, growing the deficit and raising taxes.
To find out more information about their research, follow the link below.
KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.powered by Disqus