U.S. firms’ $1.6 trillion tax haven stash

The 50 largest U.S. companies, including Apple, Microsoft and Wal-Mart, have parked $1.6 trillion in offshore havens to reduce their tax burden, and Donald Trump’s reform plans are predicted to make matters worse

TEN U.S. CORPORATIONS WITH BIGGEST FUNDS HELD OVERSEAS

Company 		Offshore funds ($ billions)

Apple			200.1

Pfizer			193.6

Microsoft		124.0

General Electric	104.0

IBM			68.1

Merck			59.2

Alphabet (Google)	58.3

Cisco Systems		58.0

Johnson & Johnson	58.0

Oracle			42.6


Top 10 companies: $965.9bn

Other 40: $640.9bn

Total: $1,606.8bn


Includes household names such as:

Coca-Cola (18) $31.9bn

Wal-Mart (23) $26.1bn

Ford (36) $5.5bn

Walt Disney (39) $2.7bn

Boeing (44) $700m


Sources: Oxfam America, wire agencies 

Picture: Getty Images 

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