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.
Who's Stashing The Most Money Offshore?
This chart shows the Fortune 500 companies with the most money held offshore in 2016.
Nov 2nd, 2017