Report: Offshore Tax Havens Cost U.S. $100 Billion a Year

". . .a new report by the U.S. Public Interest Research Group states that many of the biggest U.S. companies who took advantage of government bailouts or rely on government contracts regularly hide their money from the IRS in overseas tax havens. Overall, the U.S. loses approximately $100 billion in tax revenues every year as corporations and individuals shelter their fortunes in foreign bank accounts."