A movie premiering at America’s prestigious Sundance Film Festival this weekend throws the spotlight on offshore finance centres, including Bermuda.“We’re Not Broke” names and shames a number of major US corporations which it says don’t pay their fair share of US taxes, including some based on the Island.Former Royal Gazette business writer David Marchant, now the publisher of Miami-based Offshore Alert, is among a dozen experts appearing in the movie “We’re Not Broke”, billed as “an exposé into the secret world of corporate tax dodging”.Victoria Bruce, the award-winning co-director of “We’re Not Broke”, told The Royal Gazette yesterday that the movie specifically names Bermuda.“We mention Bermuda and its status as a tax haven in the context of American corporations using it and other tax havens to book profits overseas in low-tax countries and avoid paying taxes in the US,” Ms Bruce said.She added: “We give the detailed financial schemes of several US corporations, and in one example, told by Jesse Drucker of Bloomberg News, who broke the story, the company Forest Laboratories that makes a very popular antidepressant called Lexipro, says: “This is a company that has virtually 100 percent of its employees in the US. It has almost 100 percent of its sales in the US; its headquarters is in the US. But the bulk of its profits end up in Bermuda.”She said “We’re Not Broke” also delves into the “explosion” of offshore banking in the 1960s.“It mentions Bermuda and Panama and the history of globalisation when American corporations began really moving offshore after Lyndon Johnson started controlling money coming in and out of the US to try to make the numbers look better because of the huge debt we were getting into during the Vietnam War,” she said.In fact, Ms Bruce said the film was originally going to focus on Mr Marchant as more of a character, documenting one of his investigations.“We’re Not Broke” premieres Sunday and all next week at Sundance.Companies it points to as not paying their fair share of US taxes also include Google; It noted from 2007-2009, Google cut its taxes by $3.1 billion by shifting profits overseas, including to Bermuda companies.An official synopsis of the film says: “America is in the grip of a societal economic panic. Lawmakers cry “We’re Broke!” as they slash budgets, lay off schoolteachers, police, and firefighters, crumbling our country’s social fabric and leaving many Americans scrambling to survive.“Meanwhile, multibillion-dollar American corporations like Exxon, Google and Bank of America are making record profits.“And while the deficit climbs and the cuts go deeper, these corporations with intimate ties to our political leaders are concealing colossal profits overseas to avoid paying US income tax.”The synopsis says “We’re Not Broke” is the story of how “US corporations have been able to hide over a trillion dollars from Uncle Sam, and how seven fedup Americans from across the country, take their frustration to the streets” and vow to make corporations pay their fair share.”The synopsis continues: “While corporate tax avoidance has been accelerating for the past decade, and astronomical amounts of money have been lost to the US Treasury, it has gone mostly unnoticed by the media and the general public.“That changed in early 2011, when a small group of Americans, inspired by protests in the United Kingdom, formed a fledgling grassroots movement called US Uncut.“Their goal seemed simple: Call out corporate tax dodgers and make them pay their fair share ...“The tactics, their CEOs argue, are legal. But the laws are passed using shady practices that move in concert with big campaign contributions and millions in lobbying expenses.“President Obama, while having campaigned on the promise of closing offshore tax loopholes, has done nothing of the kind.“Lawmakers on both sides of the aisle continue to coddle corporations while slashing public services that affect everyone else.”The film’s directors Ms Bruce and Karin Hayes won a duPont-Columbia University Award for their documentary, “The Kidnapping of Ingrid Betancourt” (HBO/Cinemax 2004).They also wrote the 2010 book, “Hostage Nation: Colombia’s guerrilla army and the failed war on drugs, published by Knopf.