U.S. multinationals' profits stockpiled offshore rose 11.8% last year

03/12/2014 | Bloomberg

U.S. multinationals increased the amount of profits they stashed overseas in low-tax locales last year by $206 billion, or 11.8%, compared with 2012, according to an analysis by Bloomberg News. These companies now have $1.95 trillion outside the U.S. The top 15 companies hold $795.2 billion offshore, up 10.6% from the previous year.

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