US corporations holding more than $2.1 trillion in untaxed profits overseas

US corporations holding more than $2.1 trillion in untaxed profits overseas

According to a new report, more than $2 trillion worth of profit generated by some of the biggest United States-baseds corporation is being held overseas where it’s not subject to US income tax law. The report — published earlier this month by the Audit Analytics online intelligence service — has even this week managed to capture the attention of the head of the US Senate’s Finance Committee.

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