CLEAN : Large US firms stashed $1.6 trillion in tax havens: Oxfam

The video discusses how major U.S. companies are using offshore tax havens to avoid taxes, impacting both the U.S. and global economies. It highlights the role of political influence and the potential negative effects of proposed U.S. tax reforms. Certain industries, like technology and pharmaceuticals, are more adept at using these havens due to their reliance on intellectual property. The video warns of the economic damage these practices and reforms could cause.

What is the primary consequence of U.S. companies using offshore tax havens?

• Increased tax revenue for the U.S.

• Reduced tax payments to the U.S. and other countries

• Improved economic conditions for the poor

• Higher employment rates in the U.S.

Which industries are most likely to exploit offshore tax systems?

• Agriculture and mining

• Technology and pharmaceuticals

• Construction and real estate

• Retail and hospitality

What is a major concern regarding U.S. tax reform proposals?

• They will increase tax rates for all companies

• They will make tax avoidance easier for big companies

• They will eliminate offshore tax havens

• They will only affect small businesses

What is the expectation of companies regarding future tax rates?

• They hope for lower tax rates to repatriate profits

• They anticipate new taxes on offshore profits

• They expect tax rates to increase significantly

• They believe tax rates will remain the same

How might President Trump's tax proposals affect the U.S. economy?

• They will only affect foreign companies

• They might have no impact

• They could strengthen the economy

• They could be damaging to the economy