offshore profits

3 Stories

Snowden to Britain: Make David Cameron Step Down

Snowden, 'House of Cards' Twitter account both on PM's case after Panama Papers

(Newser) - "Now I work for the public" is part of Edward Snowden's Twitter bio , and he's trying to make good on that vow by motivating the good citizens of Britain to get British Prime Minister David Cameron to resign, the Independent reports. The NSA whistleblower's initiative comes... More »

There's $620B in Taxes the US Can't Get Its Hands On

Just 30 companies have offshore holdings totaling $1.4T

(Newser) - Apple has skipped out on paying close to $60 billion in taxes on $181 billion it holds offshore, according to a new study. But though the company holds the most profits offshore of any US company, it's hardly alone: At least 358 American companies hold $2.1 trillion in... More »

US Companies Stashing $1.9 Trillion Overseas

'Broken' tax code causes offshore hoarding to soar $183B last year

(Newser) - The top 83 US-based companies now hold a massive $1.45 trillion offshore, parked in low-tax countries, after increasing those holdings by 14.4%—or $183 billion—just in the last year, reports Bloomberg . The leader in offshore profit parking is GE, with $108 billion, up $6 billion from last... More »

3 Stories