(Bloomberg) The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to.
The multinational companies have accumulated $1.95 trillion outside the U.S., up 11.8 percent from a year earlier, according to securities filings from 307 corporations reviewed by Bloomberg News. Three U.S.-based companies—Microsoft Corp., Apple Inc. and International Business Machines Corp. —added $37.5 billion, or 18.2 percent of the total increase.
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