How US Companies' Offshore Funds Compare To National GDPs
An Oxfam report released in the wake of the Panama Papers leak revealed that the top 50 US companies have stashed $1.38 trillion in offshore territories where it does not count towards US tax. Those 50 companies are believed to have earned some $4 trillion in profits across the world between 2008 and 2014 but have only paid 26.5 percent of that in US tax. Putting that $1.38 trillion figure in perspective, it is higher than the GDPs of Mexico, the Netherlands and Turkey as well as being roughly equivalent to Spain.
This chart shows offshore funds of the 50 biggest US companies compared to selected national GDPs.
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