Tax Havens

Who's Stashing the Most Money Offshore?

Ten Fortune 500 companies held over one trillion dollars offshore in 2016. According to a new report from the Institute on Taxation and Economic Policy, Apple are exploiting tax havens the most, with a total of $246 billion held in three subsidiaries in Ireland. This huge amount of cash led to an estimated tax avoidance of $77 billion. Tech companies dominate the top end of the list, with Apple joined by Microsoft, IBM, Cisco Systems and Google to account for a combined $586 billion held offshore.

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This chart shows the Fortune 500 companies with the most money held offshore in 2016.

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Ranking of the top 30 companies from the Fortune 500 using offshore tax havens to avoid United States taxed based on financial results in 2014, by avoidance method (millions U.S. dollars)
Money held offshore by the largest public U.S. companies between 2008 to 2014 (in million U.S. dollars)
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Value of money held in offshore locations by selected companies in the United States in 2014 (in billion U.S. dollars)
Most popular tax havens of Mossack Fonseca as of April 2016, by number of companies located in an offshore center
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Largest cash holders among non-financial S&P 500 companies in the United States as of September 30, 2013 (in billion U.S. dollars)
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CAC40 companies with the largest number of subsidiaries declared in tax havens in France in 2022

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