Oregonian: Profits Double, Tax Payments Fall at Nike, Attracting Attention of EU Regulators

By the end of 2017, Nike had $12.2 billion in permanently reinvested earnings. The company estimates that had it dispensed with the foreign strategy and kept that money in the U.S., the taxes would total $4.1 billion.

In other words, Nike saved $4.1 billion by employing the overseas tax strategies, said Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy.

The clear implication of that disclosure is that the company paid a foreign tax rate of almost zero on this $12.2 billion, Gardner said. He considers this clear evidence that the massive investment was made for just one reason: Reducing the company’s tax bill.

The entire tax landscape has changed since passage of the Trump tax bill. Read more

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