'Corporate Pirates of the Caribbean' Report Seeks to Widen Tax Haven Loopholes
A new report from the Institute for Policy Studies ( IPS ), called Corporate Pirates of the Caribbean , details how the CEOs who make up the group Fix the Debt, a group pushing for harsh austerity measures, are set to make even higher profits off of the policies they are pursuing in the name of "balancing the budget." Fix the Debt's members are pushing for cuts to Social Security, Medicare and earned social insurance benefits, while seeking to widen tax haven loopholes by creating a "territorial" tax system, which would earn them as much as $173 billion.


