Tuesday, October 6, 2015

Large US Firms Hold Trillions Overseas to Avoid Taxes: Study

The 500 largest American companies allegedly hold more than $2.1
trillion dollars in accumulated profits offshore to avoid U.S. taxes.
A study released Tuesday reveals that well known brands like Apple and
General Electric, with other companies, would collectively owe an
estimated $620 billion in US taxes if they repatriated the funds.

Patrice Howard reports.

IN: The 500
OUT: SOC
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GEN: http://www.fsnradionews.com/feeds/1006-Companies-PH-gen.mp3