Friday March 06, 2015

U.S. Companies Are Stashing $2.1 Trillion Overseas To Avoid Taxes

Hey, maybe all of us can try doing this and see what happens! What do you mean we'll all go to jail? That doesn't seem fair. frown

Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home. Microsoft Corp., Apple Inc., Google Inc. and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations.