US Companies Parking Trillions Of Dollars Abroad As Means Of Avoiding Taxes
- 9 years ago
It’s estimated that the nation’s leading companies have a combined total of over 2 trillion dollars parked in countries with lower tax responsibilities.
Tax season is for many a particularly sad and stressful time.
A number of corporations, however, do not experience such woes, as they’ve come up with ways to keep their incomes far out of the US government’s reach.
It’s estimated that the nation’s leading companies have a combined total of over 2 trillion dollars parked in countries with lower tax responsibilities.
Among those with the largest stashes are technology and health care enterprises, and include Pfizer, Apple, Google, and Microsoft.
Tax season is for many a particularly sad and stressful time.
A number of corporations, however, do not experience such woes, as they’ve come up with ways to keep their incomes far out of the US government’s reach.
It’s estimated that the nation’s leading companies have a combined total of over 2 trillion dollars parked in countries with lower tax responsibilities.
Among those with the largest stashes are technology and health care enterprises, and include Pfizer, Apple, Google, and Microsoft.