New York Times: Will a Corporate Tax Holiday Give Workers Anything to Cheer?

Apple alone is sitting on an overseas stash of almost $260 billion, according to Bloomberg, while Microsoft has more than $120 billion parked abroad. The pharmaceutical giant Pfizer does not regularly disclose how much of its offshore profits are stored in foreign tax havens, but the Institute on Taxation and Economic Policy estimates that at the end of 2016, it held almost $200 billion abroad. Read more