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US firms have US$1.6t in tax havens: Oxfam

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The 50 largest US companies, including Apple, Microsoft and Wal-Mart, are parking about $1.6 trillion in offshore tax havens to reduce their US tax burden, according to a study published on April 12, 2017.

Washington

THE 50 largest US companies, including Apple, Microsoft and Wal-Mart, are parking about US$1.6 trillion in offshore tax havens to reduce their US tax burden, according to a study published on Wednesday.

Poverty-fighting organization Oxfam America said the sum for 2015

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