$10 Trillion of Wealth is Held Offshore in Legal Tax Avoidance
Let’s appeal to President Trump to sign an executive order to repatriate that money back to the United States to be used for the good of the American people!
THE ISSUE
Tax Loopholes Undermine The American Economy
The American people—workers, small business owners, and taxpayers—bear the burden of a system that allows trillions of dollars in legally-taxable earnings to remain hidden in offshore accounts and tax havens. While everyday citizens contribute their fair share to fund essential services like infrastructure, healthcare, and national defense, multinational corporations and the ultra-wealthy exploit loopholes to avoid their obligations. This imbalance weakens our economy, shifts the tax burden onto middle-class families, and deprives the nation of critical resources needed for growth and prosperity.
$10 Trillion Offshore Wealth Erodes Tax Revenue
According to the Tax Justice Network (TJN), estimates suggest that approximately $10.7 trillion of wealth is held offshore due to legal tax avoidance. This amount represents legally-structured strategies to minimize tax liabilities through tax havens and other offshore financial services. These figures are based on various methods of wealth concealment, such as utilizing complex financial instruments, shell companies, and trusts in jurisdictions with favorable tax regimes. While the wealth is legally shielded from taxes, the result is significant tax revenue losses for the US government, the country which has given them the opportunity to create this wealth in the first place.
Repatriating Offshore Wealth Will Help Strengthen U.S. Economy
If these trillions of dollars remain sheltered in offshore accounts, the United States will continue to suffer from underfunded public services, growing national debt, and an uneven economic playing field. Small businesses struggle to compete, hard-working Americans shoulder an unfair tax burden, and critical investments in infrastructure, education, and national security are delayed or denied. Repatriating these funds would not only restore fairness to the tax system but also provide the resources needed to strengthen the nation, create jobs, and ensure long-term economic stability for all Americans.
Take Action Today—Sign the Petition to Repatriate Offshore Wealth and Restore Economic Fairness for All Americans!
“President Trump, now is the time for decisive leadership to correct this long-standing injustice. With the nation facing economic uncertainty, rising deficits, and pressing domestic needs, we can no longer afford to allow trillions of dollars to sit idle beyond our borders. By signing an executive order to repatriate these legally-taxable earnings, you have the power to deliver a historic victory for the American people—one that restores economic fairness, strengthens national prosperity, and ensures that those who profit from America also invest in its future. The moment to act is now.”