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December 28, 2015

approx $2.1trillion stashed away in tax havens by the biggest brands

According to a recent study on the use of tax havens in 2014, the 500 largest American companies hold more than $2.1 trillion in accumulated profits overseas to avoid U.S. taxes


$2.1 trillion stashed away by US tech companies to tax havens"

TOP 10 TECHNOLOGY COMPANIES WHICH HAS STASHED THEIR MONEY IN TAX HAVENS

Among the total of $2.1 trillion, of the entire amount siphoned to countries which are tax haves,around 25% of that amount (549.7 billion) is hoarded abroad by ten tech companies alone.Among them Apple remains the undisputed number 1 brand in terms of hoarding cash, parking a whopping $181 billion overseas. That is almost twice as much as second-ranked Microsoft ($108.3b) and roughly three times the total of IBM, has parked the largest amount of cash outside the United States.