US Corporations Top List of Those Living in 'Magical Fairyland' of Tax-Dodging
"More than 300 global corporations and financial institutions—including well-known names like Pepsi Co., FedEx, JP Morgan Chase, and Amazon—have created complex tax avoidance schemes using the small European nation of Luxembourg to funnel billions of dollars of profits away from the countries where they actually do business, according to leaked documents obtained and analyzed by the International Consortium of Investigative Journalists."
