Reuters: Money News: Use of tax havens by U.S. global companies on the rise - report

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Use of tax havens by U.S. global companies on the rise - report Jan 29th 2013, 16:49 WASHINGTON (Reuters) - U.S.-based global companies are increasingly shifting profits into tax havens like Bermuda and Switzerland, a government report said, a finding likely to fuel debate over the taxes corporations pay and their flexibility in locating profits.

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