Microsoft, Boeing Among Corporations With Billions Stashed in Offshore Tax Havens

by Ansel HerzBermuda: Where Microsoft parks its money. Andres Virviescas / Shutterstock.com
The Guardian:
US corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax havens, despite receiving trillions of dollars in taxpayer support, according to a report by anti-poverty charity Oxfam.
The sum, larger than the economic output of Russia, South Korea and Spain, is held in an “opaque and secretive network” of 1,608 subsidiaries based offshor