From Citizens for Tax Justice, a major new report: “A diverse array of companies are using offshore tax havens. . . All told, American Fortune 500 corporations are avoiding up to $695 billion in U.S. federal income taxes by holding $2.4 trillion of “permanently reinvested” profits offshore. In their latest annual financial reports, 27 of these corporations … Continue reading US Fortune 500 cos hold $2.4trn offshore, dodging up to $695bn in tax