The offshore drain

  • Article by: Wire services
  • Updated: February 5, 2013 - 8:48 PM

The U.S. Public Interest Group says states are losing billions in tax revenue because of offshore tax strategies.

Rank State Revenue losses

(millions)

1 California $7,147

2 New York $4,275

3 New Jersey $2,833

4 Illinois $2,545

5 Pennsylvania $2,105

6 Minnesota $1,953

7 Massachusetts $1,688

8 North Carolina $1,049

9 Florida $979

10 Maryland $966

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