WASHINGTON (CNNMoney) – Microsoft has saved nearly $7 billion off its U.S. tax bill since 2009 by using loopholes to shift profits offshore, a Senate panel said in a report released Thursday. Hewlett-Packard also avoided paying taxes through a series of loans, some spanning 30 months, that shifted billions of dollars between two offshore subsidiaries, … Continue reading Senate Report: Offshore havens saved Microsoft, Hewlett-Packard billions in taxes – Christine Romans explains