Apple, Walmart, others stashed $1.6 trillion in tax havens
The 50 biggest US companies, including global brands like Walmart and Apple, stashed $1.6 trillion offshore in 2015, according to Oxfam. The report reveals that these companies are increasing their use of tax havens for even greater tax breaks. It also warned that President Donald Trump's proposed tax reforms will rig American tax laws in favour of the rich.