More than 70 percent of Fortune 500 companies booked their profits to offshore tax havens in 2013, with just 30 companies accounting for 62 percent of money in tax havens, according to a new report.
The report, from the advocacy groups Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund, identified the Fortune 500 companies with the most tax haven subsidiaries, the most profits officially booked offshore, and the most success in avoiding paying corporate income taxes to any government at all. They include prominent corporate titans such as American Express, Apple, Bank of America and Nike.
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