America’s 50 Biggest Corporations Are Hiding Over $1 Trillion Overseas

A government report revealed on Wednesday that a significant percentage of large, profitable U.S. corporations pay no federal taxes at all. A study released Thursday gives fresh insight into some of the practices that make those light tax burdens possible. The 50 largest U.S. corporations currently stash about $1.4 trillion in offshore tax havens, according to the analysis by anti-poverty group Oxfam America. Between 2008 and 2014, these titans of big business — a group that includes Apple, Coca-Cola and Disney — together received approximately $27 in federal loans or similar aid for every $1 they paid in federal taxes, Oxfam America calculated.

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