Politifact: Are There Over $4 Trillion in Earnings Offshore?

We also turned to the Institute on Taxation and Economic Policy, which found that Fortune 500 companies — a slightly smaller pool — report $2.6 trillion offshore.

ITEP included total untaxed earnings, not just indefinitely reinvested ones, in their studies of Apple and Pfizer, as these companies provide a disclosure allowing for a fuller estimate of their untaxed offshore income and generate a significant amount of earnings through this mechanism. Read more