U.S. loses over $100 billion a year in revenue to corporations shifting their profits offshore: Revenue loss due to corporate income shifting, as a share of GDP, 1983–2012
Year | Lost revenue as a share of GDP |
---|---|
1983 | -0.103% |
1984 | -0.114% |
1985 | -0.083% |
1986 | -0.022% |
1987 | -0.014% |
1988 | -0.004% |
1989 | 0.008% |
1990 | 0.033% |
1991 | 0.019% |
1992 | 0.017% |
1993 | 0.042% |
1994 | 0.040% |
1995 | 0.053% |
1996 | 0.050% |
1997 | 0.072% |
1998 | 0.091% |
1999 | 0.123% |
2000 | 0.142% |
2001 | 0.124% |
2002 | 0.201% |
2003 | 0.293% |
2004 | 0.368% |
2005 | 0.409% |
2006 | 0.445% |
2007 | 0.482% |
2008 | 0.522% |
2009 | 0.411% |
2010 | 0.629% |
2011 | 0.618% |
2012 | 0.694% |
Source: ATF and EPI analysis of Clausing (2016, 24)