The future is bright for corporate tax dodgers.

While the rest of the world is working together on a plan to crackdown on big companies’ use of offshore tax havens, both Congress and the White House are doing everything they can to sabotage these plans for tax fairness.

It’s no secret that many major American companies pay lower effective tax rates than their workers. In 2023, almost 10 percent of the nation’s largest corporations paid nothing at all in corporate taxes, including profitable giants like Pfizer. Some companies, such as FedEx and T-Mobile, have even found ways to pay negative tax rates, meaning they received tax refunds from the government.

One of the main tricks that corporations use to dodge their taxes is to shift their earnings abroad to offshore tax havens. These tax havens drain nearly a half-trillion dollars from the world’s economies each year, including billions of dollars from the U.S. While corporate executives and tiny states like the Cayman Islands benefit from this arrangement, the rest of the world loses out on revenues that could be used for priorities such as healthcare, education and support for workers.

In response, the majority of the world’s nations came together in recent years to create........

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