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Yesterday — 29 May 2026Main stream

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

✇NYT | Top Stories
By: Jesse Drucker and Dylan Freedman
29 May 2026 at 22:49
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.

© Susan Wright for The New York Times

A favorite destination for tax-dodging by U.S. companies was the tiny Mediterranean island of Malta.
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