Apple has topped a quarter of a trillion dollars - an amount that is double its cash pile from just four and a half years ago, according to report surpassing the the foreign cash reserves of the UK and Canada combined. it has more cash in hand than UK and Canada combined. According to report, last year three quarters of the Fortune 500 companies use subsidiaries in offshore tax havens where they sent a total of US$2.42 trillion ($3.50 trillion) of income. In the US alone this amounted to US$715.62 billion ($1.03 trillion) in tax which they avoided paying.

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