$29 million

A new study shows Wisconsin is losing out on nearly $29 million each year in tax revenue because of an offshore tax loophole. The so-called “water’s edge” loophole enables American companies to park their money in foreign countries, according to the Wisconsin Public Interest Research Group.

A new study shows Wisconsin is losing out on nearly $29 million each year in tax revenue because of an offshore tax loophole. The so-called “water's edge” loophole enables American companies to park their money in foreign countries, according to the Wisconsin Public Interest Research Group.

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