Trump Administration Allows Companies to Avoid Taxes in Havens

The Trump administration has cleared the way for U.S. companies to avoid at least $40 billion in taxes since early 2025 through schemes utilizing tax havens such as Malta, Bermuda, and Cyprus.

29 May, 14:12 — 29 May, 14:12

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NYTMostly Factual97d ago

Trump Clears Way for Companies to Avoid Taxes in Havens Including Malta and Cyprus

U.S. companies skirted at least $40 billion in taxes since the beginning of 2025 thanks to schemes in places like Malta, Bermuda and Cyprus.

By Jesse Drucker and Dylan Freedman

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Trump Administration Allows Companies to Avoid Taxes in Havens

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Trump Clears Way for Companies to Avoid Taxes in Havens Including Malta and Cyprus

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