Analysis, Commentary

Study: 73% of Fortune 500 Companies Used Offshore Tax Havens in 2016

US PIRG Report
(Source: US PIRG)

$2.6 Trillion in Offshore Profits, $752 Billion in Unpaid Federal Taxes.

WASHINGTON –(ENEWSPF)—October 17, 2017

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By: US PIRG

A new study reveals the extent to which companies are using tax havens to avoid U.S. taxes and undermines the case for any tax proposal that would allow companies to repatriate their U.S. profits at a special low tax rate.

In 2016, nearly three in four Fortune 500 companies maintained subsidiaries in offshore tax…

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