A harbor in Valleta, Malta, the Mediterranean island nation that is a favorite destination for tax-dodging by U.S. companies, on Oct. 11, 2016. In 2025, the Trump administration withdrew from a global effort to curb offshore tax-dodging by multinational companies. That decision has been a huge gift to corporate America, enabling companies to avoid at least $40 billion in income taxes since the beginning of 2025. (Susan Wright/The New York Times)…
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