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.