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Corporations Save More Than $700B Via Offshore Tax Havens

This article originally appeared on the International Business Times. Corporations are stashing more and more of their profits overseas, taking advantage of legal loopholes to avoid paying hundreds of billions in U.S. taxes, says a new report. The corporations involved include household names such as Nike, Apple and Goldman Sachs.  The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) analyzed SEC filings from 367 Fortune 500 companies.
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