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17 Great American Companies That Keep Mountains Of Cash Overseas Just Like Apple Does

Walter Hickey

Apple finds itself in front of a Senate Subcommittee today, defending its elaborate practice of keeping cash offshore in order to minimize their tax liability. 

The thing is, Apple is far from the only company that does this. While they keep the most cash offshore by far, other companies have similar schemes to dodge taxes. For example, we explained Microsoft's elaborate international tax avoidance structure earlier. 

The use of international tax havens by corporations was  detailed in a Senate report  released last September. 

Here's a list of companies that keep upwards of $5 billion in cash equivalents offshore, avoiding paying U.S. corporate income taxes:  

offshore cash holdings

Senate Report

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