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Oxfam report: Large US multinationals stash billions offshore

The new reporting obligation seeks to prevent aggressive tax planning

Oxfam claims that the 50 largest US companies, including global brands Alphabet (Google), Pfizer, Goldman Sachs, General Electric, Chevron, Wal-Mart, Walt Disney and Apple, stashed $1.6 trillion offshore in 2015 to avoid tax – $200 billion more than the previous year.

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