General Electric Avoids Taxes By Keeping $108 Billion Overseas
The company with the most profits parked overseas is General Electric, according to a new Bloomberg analysis of 83 corporations.
GE said in a Feb. 26 regulatory filing that it was holding $108 billion in profits overseas as of the end of last year. That is up from $102 billion a year before. GE said in the filing that it reinvested most of these profits in foreign business operations and does not intend to bring those profits back to the U.S.
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