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Draft document reveals G8 will avoid ‘naming and shaming’ corporate tax avoiders

By Tom Bergin LONDON (Reuters) – The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement. British Prime Minister David Cameron,…

Report: U.S. companies keeping $166 billion in offshore tax shelters

US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes, The Wall Street Journal reported Monday. The business newspaper said its analysis of 60 big American companies had found that they had collectively parked a total of $166…