TARP Funds went to offshore tax havens

(RTTNews): A new Government Accountability Office (GAO) report released Friday revealed that funds from the economic rescue package may have gone to companies using offshore tax havens to conduct business. The report from Senators Brian Dorgan, D-N.D., and Carl Levin D-Mich., estimates that some $100 billion in lost U.S. tax revenue has resulted from the tax-evasion practice, despite the millions in taxpayer dollars received by the companies in bailout funds. Go to article