Microsoft Has Over $93 Billion In Overseas Cash Using Tax Havens, Blames U.S. International Tax Rules Which Are Outdated

Recently, Citizens for Tax Justice published a report on American Fortune 500 corporations are likely saving about $550 billion by holding nearly $2 trillion of “permanently reinvested” profits offshore. All these US companies are using Tax Havens outside the US to have their cash reserves. Microsoft has now over $92.9 billion outside the US which if brought inside would cost them about $29 billion. Microsoft is not alone in this case………

Read more at Microsoft News