International Business Times: Three quarters of Fortune 500 companies used offshore tax havens in 2016

New research has revealed that 73% or 366 companies on the Fortune 500 list, including brands as big as Nike, Apple and Citigroup, used tax havens to avoid US taxes in 2016.

A new report, published on Tuesday (17 October) by the Public Interest Research Group (PIRG) Education Fund and the Institute on Taxation and Economic Policy in the US, suggests that nearly three in four Fortune 500 companies maintained subsidiaries in offshore tax havens last year. Read more