Apple is holding $181.1 billion in offshore tax havens, more than any other U.S. company, Reuters reports.
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A study by The Center for Tax Justice and the U.S. Public Interest Research Group Education Fund examined the Security and Exchange Commission filings of the 500 largest American companies, concluding nearly three-quarters of them are collectively holding more than $2.1 trillion in accumulated profits offshore to avoid an estimated $620 billion in U.S.
taxes; Apple itself would owe an estimated $59.2 billion in U.S. taxes if the company wanted to bring its overseas money back into the United States.
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