Oxfam: Trump can ‘drain the swamp’ by ending corporate tax avoidance
The top 50 companies in the U.S. are stashing $1.6 trillion in offshore accounts, according to a new analysis by Oxfam. That money may return to the U.S. at a steep tax discount if a repatriation holiday proposed in some tax reform proposals is implemented. Doing so would allow corporations to continue evading taxes by holding money abroad, according to the NGO.
