Offshore Shell Games 2015 – The Use of Offshore Tax Havens by Fortune 500 Companies

Source: Robert S. McIntyre, Richard Phillips, Phineas Baxandall, U.S. PIRG and Citizens for Tax Justice, 2015

From the summary:
U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to the tax code. Rather than paying their full share, many multinational corporations use accounting tricks to pretend for tax purposes that a substantial portion of their profits are generated in offshore tax havens, countries with minimal or no taxes where a company’s presence may be as little as a mailbox. Multinational corporations’ use of tax havens allows them to avoid an estimated $90 billion in federal income taxes each year.