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Trump Pick Tillerson’s Exxon-Mobil: Too Many Tax Haven Subsidiaries to Count

Mining Awareness +

Offshore tax havens are the perfect way to avoid taxation and evade sanctions, as has been recently pointed out in the news: Is this how Exxon is still involved in the Sakhalin project in Russia, despite sanctions?
Tillerson Exxon Mobile CEO Pres Exxon Neftegaz SEC gov
Exxon Neftegaz is a Russian subsidiary, but registered in the Bahamas, as can be seen in the SEC documents below.

From Institute for Policy Studies:
EXXON-MOBIL: The oil giant uses offshore subsidiaries and other loopholes to avoid paying taxes in the United States. They have 32 subsidiaries in tax haven countries including 18 in the Bahamas and 3 in the Cayman Islands. Although Exxon-Mobil paid $15 billion in taxes to other governments in 2009, not a penny of those taxes went to the U.S. Treasury. So maybe those other countries should defend ExxonMobil’s assets around the world, instead of the men and women of the U.S. armed forces. Next time the…

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January 11, 2017 - Posted by | Uncategorized

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