The US’s 50 biggest companies are stashing $1.6trn worth of cash in tax havens according to a report by the global charity Oxfam.
Apple, Google and Starbucks have all hit the headlines for not paying substantial amounts of tax.
Tech giant Apple paid no tax in New Zealand (NZ) for at least a decade, despite making billions of dollars worth of profits in the country amounting to $4.2bn.
It’s a crazy world when people and businesses that take responsibility for themselves by purchasing insurance – in order to cover unforeseen risks – are being penalised.
After solid start to the year, US retail is now back in much softer growth territory.