The Government Accountability Office on Friday released a study reporting that 83 of the 100 largest publicly-traded corporations and 63 of the 100 largest federal contractors maintain offshore subsidiaries in 50 tax havens. Many recipients of tens of billions in federal bailout money maintain hundreds of offshore subsidiaries in tax havens, including Citigroup (427 subsidiaries in tax havens), Morgan Stanley (273), and Bank of America (115).
