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These "Tax Haven" Companies Have the Most Profits Stashed Overseas [CHART]
The use of tax havens has become an increasingly popular way for U.S. companies to avoid paying tax on profits earned in foreign nations.
But while the practice is widespread, just 30 companies account for 65% of the money stashed offshore - a whopping $2.2 trillion as of last year.
Here's a list of those companies - and why this hasn't been fixed...
The use of tax havens has become an increasingly popular way for U.S. companies to avoid paying tax on profits earned in foreign nations.
But while the practice is widespread, just 30 companies account for 65% of the money stashed offshore - a whopping $2.2 trillion as of last year.
Here's a list of those companies - and why this hasn't been fixed...