Fiscal Times: 4 Corporate Giants Benefiting from Offshore Tax Havens
media mentionA new report by the U.S. Public Interest Research Group Education Fund and the Institute on Taxation and Economic Policy finds that nearly three-quarters of Fortune 500 companies used offshore tax havens in 2016.
The report says that four companies — Apple, Pfizer, Microsoft and General Electric — account for a quarter of the $2.6 trillion in accumulated profits held offshore for tax purposes. Read more