Less clear to see is whether the patriotic American corporations hide their money since that's not exactly quite so patriotic. In fact, some might say it's just about as unpatriotic as it's possible to get for a corporation to get when they hide $2.8 trillion in overseas tax shelters.
Oh, God, I'm feeling so Yankee Doodle Dandy just now. (RT: American firms hoard trillions offshore led by Microsoft)
Microsoft may be foremost for the American-made wunderkind corporations and America has taken great pride in the money it has made, jobs it has created, innovation it copies from Apple, etc ... but ... it doesn't appear Microsoft takes much pride in you (sob).
With $124 billion, Microsoft hoarded the most money offshore among America's biggest 500 companies. Apple was second in the UBS ranking with nearly $110 billion kept abroad.
- RT
Ed: suck it, Apple Fanboy, when Apple is doing it too!
Don't be calling me a fanboy unless you only want to piss me off ...
Ed: Fanboy, Fanboy, Fanboy!
Well, that was imaginative, wasn't it
As I was saying, I've been slamming Apple ever since Tim Cook decided money was more important that innovation and he's been cranking out Mattel toys ever since. If anyone hid that money overseas, he's likely to be your Huckleberry. If not then he's even more incompetent as Apple's CEO than I have imagined.
Ed: Tim Cook turned Apple into Microsoft?
That he did
The White House has a solution, tho. It won't work but they have one.
According to UBS, pharmaceutical giant Pfizer has the third-biggest cash pile at $86 billion, while General Electric amassed $82 billion outside the US, but $22 billion less than during a previous check. IBM rounded up the top five with over $71 offshore billions.
The UBS ranking also includes other big corporations like Johnson & Johnson, Alphabet, Exxon Mobil, Intel, PepsiCo, and Oracle.
US companies avoid repatriating their profits mainly because of the current domestic corporate tax rate of about 35 percent - the highest in the world.
Last month, the White House proposed lowering the corporate tax rate to 15 percent to motivate companies to bring back massive overseas cash piles.
- RT
That's right. Instead of dealing with the problem, just roll over for it.
I'm a Yankee Doodle Dandy
A Yankee Doodle, do or die
A real live nephew of my Uncle Sam
Born on the Fourth of July
I've got a Yankee Doodle sweetheart
She's my Yankee Doodle joy
Yankee Doodle came to London
Just to ride the ponies
I am the Yankee Doodle Boy
- "I'm a Yankee Doodle Dandy"
Oh, God, I'm feeling so Yankee Doodle Dandy just now. (RT: American firms hoard trillions offshore led by Microsoft)
Microsoft may be foremost for the American-made wunderkind corporations and America has taken great pride in the money it has made, jobs it has created, innovation it copies from Apple, etc ... but ... it doesn't appear Microsoft takes much pride in you (sob).
With $124 billion, Microsoft hoarded the most money offshore among America's biggest 500 companies. Apple was second in the UBS ranking with nearly $110 billion kept abroad.
- RT
Ed: suck it, Apple Fanboy, when Apple is doing it too!
Don't be calling me a fanboy unless you only want to piss me off ...
Ed: Fanboy, Fanboy, Fanboy!
Well, that was imaginative, wasn't it
As I was saying, I've been slamming Apple ever since Tim Cook decided money was more important that innovation and he's been cranking out Mattel toys ever since. If anyone hid that money overseas, he's likely to be your Huckleberry. If not then he's even more incompetent as Apple's CEO than I have imagined.
Ed: Tim Cook turned Apple into Microsoft?
That he did
The White House has a solution, tho. It won't work but they have one.
According to UBS, pharmaceutical giant Pfizer has the third-biggest cash pile at $86 billion, while General Electric amassed $82 billion outside the US, but $22 billion less than during a previous check. IBM rounded up the top five with over $71 offshore billions.
The UBS ranking also includes other big corporations like Johnson & Johnson, Alphabet, Exxon Mobil, Intel, PepsiCo, and Oracle.
US companies avoid repatriating their profits mainly because of the current domestic corporate tax rate of about 35 percent - the highest in the world.
Last month, the White House proposed lowering the corporate tax rate to 15 percent to motivate companies to bring back massive overseas cash piles.
- RT
That's right. Instead of dealing with the problem, just roll over for it.
I'm a Yankee Doodle Dandy
A Yankee Doodle, do or die
A real live nephew of my Uncle Sam
Born on the Fourth of July
I've got a Yankee Doodle sweetheart
She's my Yankee Doodle joy
Yankee Doodle came to London
Just to ride the ponies
I am the Yankee Doodle Boy
- "I'm a Yankee Doodle Dandy"
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