Sen. Carl Levin (D-Michigan), the head of the Senate Permanent Subcommittee on Investigations, estimates that the U.S. government loses $100 billion a year in lost taxes because 83 of the nation’s largest 100 corporations maintain subsidiaries in foreign tax haven countries, to avoid paying taxes in the United States. Among these corporations are several that are receiving bailout money from American taxpayers. Examples include: Citigroup (427 tax havens and $45 billion in bailout funds), Bank of America (115 tax havens and $45 billion in bailout funds), AIG (18 tax havens and $40 billion in bailout funds), JPMorgan Chase (50 tax havens and $25 billion) and General Motors (11 tax havens and $14.4 billion).