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Offshore Profits

Big Business Holding Profits Offshore To Avoid Paying Billions In Taxes

Reuters | Jade Walker | Posted 10.06.2015 | Business

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an esti...

Give Americans a $2,000 Check From 'Deferred' Corporate Taxes

Dave Johnson | Posted 01.19.2015 | Business
Dave Johnson

Instead of making a "deal" on deferment and letting the corporations just keep this money they owe us, let's fix this loophole and give most of this tax money to the 242 million adult U.S. residents. What's left over (and there might be a lot -- as much as $215 billion) can be used to fix our infrastructure and other priorities.

U.S. Corporations Have Over $2 Trillion Stashed Overseas

Reuters | Posted 06.08.2014 | Business

* U.S. Senate Finance Committee Chairman Wyden calls for reform * Total of profits stashed abroad up 93 percent 2008-2013 ...

Time for a Holiday That Brings Full Employment

Munir Moon | Posted 02.07.2014 | Politics
Munir Moon

By removing the Scrooge-like obstacles embedded in the tax code, exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.

Report: Apple Is Paying Almost No Taxes On Its Billions Stashed Offshore

Posted 05.20.2013 | Business

Just one day before Apple's CEO Tim Cook is expected to argue for corporate tax reform on Capitol Hill, a new report claims that the company is avoidi...

8 Outrageous Corporate Tax Loopholes

The Huffington Post | Jillian Berman | Posted 05.01.2013 | Business

Even though corporate tax breaks cost the U.S. government billions every year, the particulars of how they work remain a mystery to many Americans. Th...

CEOs Push To Limit Taxes On Record-Breaking Offshore Profits

Posted 03.19.2013 | Business

At a time when major U.S. corporations have a record amount of cash stashed abroad, a group of influential CEOs want to make it even easier for compan...

10 Companies Whose Offshore Profits Are Exploding

The Huffington Post | Harry Bradford | Posted 03.13.2013 | Business

Sending profits away keeps the taxman at bay. That's the motto that Apple, along with dozens of other companies, has subscribed to in an effort to...