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Looks like paradise – especially if you’re a multinational corporation in need of a tax haven. LeoPatrizi/E+ via Getty Images

$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb

New research shows that companies are shifting record amounts of their profits to tax havens, despite a global effort to crack down on the practice.
Why so grim? Oh, tax cuts. AP Photo/Pablo Martinez Monsivais

Why tax cuts make us less happy

The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.

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