These are the 5 U.S. companies with the biggest overseas cash piles
Published: Apr 28, 2017 7:01 a.m. ET
(Drip, Drip, DRIP! This too shall pass)
Trump’s tax plan promises a one-time break for Apple, Microsoft and others with large sums parked overseas
Wads of cash may soon be making their way back to the U.S.
The Trump administration’s proposal to lower the corporate tax rate to 15% has revived hopes that big U.S. companies will soon be motivated to bring back massive overseas cash piles.
While the administration has not yet determined a rate at which those funds could be repatriated, Trump’s proposal unveiled Wednesday promises a “one-time tax on trillions of dollars held overseas.”
U.S. companies had about $1.3 trillion in cash held in overseas accounts at the end of 2016, according to Moody’s Investors Service.
The following are the five companies with the biggest sums sitting overseas:
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