More facts, according to the following site:
Key Facts
Tax avoidance through offshore tax
loopholes is a significant reason why
corporations, which paid one-third of
federal revenues 60 years ago, now pay
one-tenth of federal revenues.
U.S. corporations dodge $90 billion a
year in income taxes by shifting profits
to subsidiaries—often no more than a
post office box—in tax havens.
U.S. corporations hold $2.1 trillion in
profits offshore – much in tax havens –
that have not been taxed in the U.S.
General Electric, which uses a loophole
for offshore financial profits, earned
$27.5 billion in profits from 2008 to
2012 but claimed tax refunds of $3.1
billion.
Apple made $74 billion from 2009-2012
on worldwide sales (excluding the
Americas) and paid almost nothing in
taxes to any country.
26 profitable Fortune 500 firms paid no
federal income taxes from 2008-2012.
111 large, profitable corporations paid
zero federal income taxes in at least one
of those five years.
http://www.americansfortaxfairness.org/files/ATF-Offshore-Corporate-Tax-Loopholes-Fact-Sheet.pdf