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3Novices:World › 50 largest U.S. companies stashing $1.6 trillion in overseas tax havens: Oxfam

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

Poverty-fighting organization Oxfam America said the sum for 2015 was a $200 billion increase over the prior year. The…
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