Monday, June 3, 2013

Apple Ain’t Alone: 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion

According to Huff Po: Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices,  but a new report finds that other major companies are using similar tactics to avoid paying taxes on billions of dollars in profits.

At least 18 companies, including Nike, Microsoft and Apple, are stashing profits in offshore tax havens likely in a bid to avoid paying taxes, according to a new report from the Citizens for Tax Justice, a left-leaning research group. If the companies brought that money home, they would pay combined more than $92 billion in U.S. taxes, the report found….

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