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Joe Rasmussen column: Look offshore to avert 'fiscal cliff'

8:51 PM, Dec. 24, 2012
Joe Rasmussen.
Joe Rasmussen.
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With the "fiscal cliff" looming, the debate over individual tax rates and how to reform spending programs has been fierce. But there has been little talk about a wealth of tax revenue hiding amidst pristine beaches and lush palm trees.

The Treasury loses an estimated $150 billion in revenue annually due to abuse of offshore tax havens. Many U.S. corporations and wealthy individuals employ high-priced lawyers and accountants to use complex accounting tricks to make income legitimately earned in the U.S. magically appear on the books of a P.O. Box shell company in a tax haven like the Cayman ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

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