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Offshore tax maneuvers add pressure to tax reform

Tammy Whitehouse | November 7, 2017

A new leak of millions of documents revealing the tax avoidance strategies of power players worldwide is putting pressure on the U.S. tax reform movement.

The “Paradise Papers” leaked and analyzed by the International Consortium of Investigative Journalists exposes the tax planning and engineering strategies of more than 100 multinational companies, including Apple, Nike, Uber, and Allergan, to avoid paying corporate income tax in the United States. ICIJ says Apple, for example, has relied heavily on restructuring business and transferring intangible assets into lower-rate jurisdictions... To get the full story, subscribe now.