The offshore drain

February 6, 2013 at 2:48AM

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

RankState Revenue losses

(millions)

1California$7,147

2New York$4,275

3New Jersey$2,833

4Illinois $2,545

5Pennsylvania$2,105

6Minnesota$1,953

7 Massachusetts$1,688

8North Carolina$1,049

9Florida $979

10Maryland$966

Source: U.S. Public Interest Research Group

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