Can You Hide Your Wealth Overseas to Avoid Taxes? These Corporations Can and Have Been Doing It for Years
April 10, 2015
Chevron. Exxon Mobil. General Electric. Apple. Microsoft. Pfizer. Merck. Johnson and Johnson. These companies have something in common: they have stashed their profits overseas to avoid paying taxes while waiting for the next tax holiday where they can bring back the profits and get taxed at a much lower rate – usually in a single digit, which is lower than what most Americans pay.
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Categories:
Privatization, Labor
