U.S. companies hoard billions of dollars offshore
A recent study has revealed that U.S. companies hold an estimated $2.1 trillion in profits in overseas tax havens. Many of these companies have subsidiaries in Ireland and collectively, they would owe the United States $620 billion if they repatriated their profits there. Apple is the worst offender with $181 billion, followed by GE and Microsoft. Read more in Statista's latest feature in Irish online news publication The Journal.
Description
This chart shows money held offshore by U.S. companies in 2015 (in billion U.S. dollars).
