The US Public Interest Research Group has published a new study finding
that 82 of the top 100 publicly-traded US corporations have subsidiaries
in offshore tax havens:“All told, these 82 companies maintain 2,686 tax haven subsidiaries.
The 15 companies with the most money held offshore collectively operate
1,897 tax haven subsidiaries.…Bank of America: The bank reports having 316 subsidiaries in offshore
tax havens – more than any other company. The bank, which was kept
afloat by taxpayers during the 2008 financial meltdown, now keeps $17.2
billion offshore, on which it would otherwise owe $4.5 billion in U.S.
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