The report estimated that multinational companies tax dodging had costs countries around the world up to US$240 billion annually.
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15 April 2016
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The 50 largest U.S. corporations currently stash about $1.4 trillion in offshore tax havens, according to the report, titled `Broken at the Top`, prepared by anti-poverty group OxFam America.
The analysis revealed that the 50 biggest US companies, including global brands such Pfizer, Goldman Sachs, Dow Chemical, Chevron, Walmart, IBM, and Procter and Gamble, have stashed more than a trillion dollars offshore and used more than 1,600 subsidiaries in tax havens to avoid billions of dollars in tax each year," a report by anti-poverty charity Oxfam America said.
The report estimated that multinational companies tax dodging had costs countries around the world up to US$240 billion annually.
The report estimated that multinational companies tax dodging had costs countries around the world up to US$240 billion annually.
