US firms have $1.4tn hidden in tax havens: Oxfam
According to a report by anti-poverty charity Oxfam, 50 US corporate giants have stashed $1.4 trillion in tax havens. The list included Apple, which has $181 billion held offshore, General Electric, which has $119 billion stored in 118 tax haven subsidiaries, followed by Microsoft, Pfizer and Alphabet. The firms spent $2.6 billion between 2008-14 on lobbying the US government. 