Apple has a bigger cash pile than any other company in the world, but it doesn't stash the most money outside the US.
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There's $2.4 trillion dollars stashed overseas — here are the companies hoarding the most cash outside America
Apple has a bigger cash pile than any other company in the world, but it doesn't stash the most money elsewhere.
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With $124 billion, Microsoft had the most profits among S&P 500 companies kept outside the US last year, according to fourth-quarter company filings compiled by UBS.
US companies hold more than $2 trillion in profits abroad for various reasons. The most controversial is to avoid paying taxes when they repatriate the funds, since the US statutory tax rate is the highest among developed countries.
President Donald Trump's short tax-reform plan unveiled last month included a
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