Medtronic a big user of tax havens, holding $20.5 billion overseas

Medtronic a big user of tax havens, holding $20.5 billion overseas (Star Tribune)
A study shows that it’s among the companies with the most cash parked overseas.
Medtronic Inc., famous for heart devices, also has a less-well-known distinction: It’s one of the 30 U.S. corporations with the most money parked offshore.
The Fridley-based medical device maker holds $20.5 billion overseas, just one notch below Wal-Mart Stores Inc. with $21.4 billion, according to a report released Thursday.
Medtronic is one of more than a dozen Minnesota corporations in the joint report by Citizens for Tax Justice a...