Home › These 2 N.J. companies hold $50B in offshore tax havens, study claims
 

Keywords :   


These 2 N.J. companies hold $50B in offshore tax havens, study claims

2016-04-16 01:38:54| Telecom - Topix.net

Two New Jersey-based companies and one with a large footprint in the state have a total of $57 billion in tax havens, which helped saved the companies billions in income taxes over six years, according to a recent report. The report by the anti-poverty charity Oxfam claims that 50 of the top U.S. corporations, companies that receive trillions in taxpayer funds, stashed more than $1.4 trillion in off-shore accounts, contributing to creating a lower corporate tax rate, according to income tax records gathered by the group .

Tags: study companies hold tax

Category:Telecommunications

Latest from this category

All news
»
29.09Hurricane Isaac Graphics
29.09Tropical Storm Joyce Graphics
29.09Hurricane Isaac Forecast Discussion Number 14
29.09Tropical Storm Joyce Forecast Discussion Number 8
29.09Hurricane Isaac Public Advisory Number 14
29.09Summary for Hurricane Isaac (AT5/AL102024)
29.09Tropical Storm Joyce Wind Speed Probabilities Number 8
29.09Tropical Storm Joyce Public Advisory Number 8
More »