U.S. Companies Are Stashing $2.1 Trillion Overseas to Avoid Taxes

A reminder here of a corporation’s bottom line…..(from Bloomberg) “Companies have a duty to their shareholders and they’re responding logically to the incentives in the system, Kennedy said. “Companies are strongly driven by the need to increase shareholder value, and especially any public company has to meet market expectations,” ……”

And remember Kiwis, your country is a corporation … corporations are not about people and their general well being, they are about profits, profits, profits.

“Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home.

Microsoft Corp., Apple Inc., Google Inc. and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations. The total amount held outside the U.S. by the companies was up 8 percent from the previous year, though 58 companies reported smaller stockpiles.”

Read the article at its SOURCE 

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