Bloomberg BNA: $718 Billion in Taxes Lost in 2015 to Offshore Profits
media mention“The company that made the most in offshore profits in 2015 was Apple Inc. with $214.9 billion in earnings, according to “Offshore Shell Games,” by the U.S. PIRG Education Fund, Citizens for Tax Justice, and the Institute on Taxation and Economic Policy. The company would owe $65.4 billion in U.S. taxes if these profits weren’t held offshore, the report said.”