CNBC: The $2.4 trillion companies are keeping in overseas tax havens
media mention“Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a partner organization to CTJ, has done the work of searching through corporate filings for the tax information. The limited disclosure in 10-K filings that is now available requires public companies to list their overseas subsidiaries and how much of their cash has been reinvested abroad. That level of disclosure took a permanent subcommittee in 2013 to make it happen, and Gardner said, ‘It tells you nothing at all about how the money is invested, whether it is sitting under a bed or whatever.'”