Worried about the federal deficit? Then you're worried about foreign tax havens, the use of which is costing the U.S. $150 billion per year in the form of lost tax revenues, according to academic studies cited by a recent report from U.S. PIRG, a left-leaning consumer group. To break it down, corporations account for $90 billion of the lost revenue, and individuals make up the other $60 billion.
Offshore tax evasion has become a hot-button issue of late, after a September Senate report alleged Apple, Google and Microsoft moved profits overseas in an aim to dodge taxes. Overall, U.S. companies are now holding a record $1.9 trillion of their profits abroad, according to a recent Bloomberg report.
Corporations aren’t the only ones keeping their money overseas, however. A Center for Public Integrity report released Wednesday found that the list of people dodging taxes through foreign havens include:
American doctors and dentists and middle-class Greek villagers as well as families and associates of long-time despots, Wall Street swindlers, Eastern European and Indonesian billionaires, Russian corporate executives, international arms dealers and a sham-director-fronted company that the European Union has labeled as a cog in Iran’s nuclear-development program.
(Hat tip: CBS News)
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Dwayne "Lil Wayne" Carter
Lil Wayne had an IRS lien filed with Miami Dade County in late March 2011. The lien <a href="http://www.mtv.com/news/articles/1661259/lil-wayne-tax-lien-irs.jhtml" target="_hplink">noted</a> that Lil Wayne had unpaid income taxes amounting to $3,351,078 for 2008 and $2,258,956 for 2009.
Dent was hit with a $1,160,056 federal tax lien in March 2011. The former Chicago Bears player was elected into the Pro Football Hall of Fame one month prior.
In January 2012, Lindsay Lohan reportedly received notice from the IRS that she owed over $93,000 in unpaid taxes from 2009. According to TMZ, the actress was simply unaware of the issue.
David "Sinbad" Adkins
<a href="http://realestate.aol.com/blog/2010/02/14/feeling-heat-from-irs-sinbad-will-sell-la-home/" target="_hplink">According to AOL Real Estate</a>, Sinbad was said to owe $8.5 million to the IRS in 2010 and another $2.1 million to the state of California that year. Sinbad was named as <a href="http://www.huffingtonpost.com/2009/04/12/sinbad-taxes-embarrassmen_n_185976.html" target="_hplink">one of the state's biggest tax evaders</a> in 2009.
In 2008, former Met and Yankee Darryl Strawberry <a href="http://www.nj.com/news/index.ssf/2008/02/darryl_strawberry_agrees_to_pa.html" target="_hplink">agreed to pay</a> more than $430,000 in back taxes he owed, plus interest and penaltie, for money he neglected to pay in 1989 and 1990.
Ozzy and Sharon Osbourne
According to the IRS, Ozzy Osbourne and his wife Sharon owed $1.7 million in taxes from 2008 and 2009.
Actor Forest Whitaker <a href="http://www.bvonmoney.com/2011/03/23/forest-whitaker-having-significant-tax-problems/" target="_hplink">was hit</a> with a large tax bill last year, after failing to pay $185,000 he owed to the IRS. The tax collectors in the Los Angeles County Recorder of Deeds cited Whitaker and filed a lien for the balance.
Actor Chris Tucker had a <a href="http://newsone.com/1883935/wow-chris-tucker-now-owes-over-12-million-in-taxes/" target="_hplink">tax lien filed against him in the state of Georgia earlier this year</a> for $592,594.08, plus $11,571,909.26 from the federal government for taxed owed in 2001, 2002 and 2004 through 2006.
"Baywatch" actress Pamela Anderson owed nearly half a million dollars to the IRS in 2010.
In 1974, comedian Richard Pryor was sentenced to 10 days in jail, fined and put on probation after pleading guilty to a charge of willful failure to file an income tax return, according to <a href="http://www.nytimes.com/2005/12/11/arts/11pryor.html?pagewanted=3&_r=1&ei=5090&en=ea88c61b92de25e6&ex=1291957200" target="_hplink">the <em>New York Times</em></a>.
Singer El DeBarge <a href="http://www.vibe.com/posts/nas-irs-debt-totals-more-3-million" target="_hplink">owed $354,000 in delinquent federal taxes</a> in 2010, according to Vibe.com.
Sammy Davis, Jr.
Davis <a href="http://www.esquire.com/the-side/feature/destroyed-by-the-irs#ixzz1rYjZPHxQ" target="_hplink">owed nearly $7.5 million in back taxes</a> at the time of his death.
"Pan Am" actress Christina Ricci was hit with a federal income tax lien of nearly $180,000 on her 2008 earnings.
In December 2010, actor Wesley Snipes <a href="http://www.cbsnews.com/8301-504083_162-20025363-504083.html" target="_hplink">began a three-year prison sentence</a> for failing to file income tax returns in the amount of $7 million.