Stunning: $2.1 Trillion in US Corporate Profits Held Offshore
We spotted this stat today:
"U.S. multinational corporations’ offshore cash holdings nearly doubled between 2008 and 2013 to more than $2.1 trillion.[1] Why is such a huge sum held abroad and designated as “permanently reinvested”? The answer has to do with the way the U.S. corporate income tax system treats the earnings of foreign subsidiaries of U.S. multinational corporations."