Over the years, a large number of the major corporations in the US have chosen to keep some of their financial overseas, in particular as a way to avoid certain taxes. Other companies have chosen to keep their foreign revenues outside the US borders because bringing it into the country would involve immense expenses. Until the Government will further discuss the issue of repatriating these large sums of money, chances are US’s multi-national corporations will continue to deposit their revenues in overseas accounts.
Following, we would like to provide you with a list we have compiled of the top 10 companies in the US with the most money parked overseas, according to the statistics recently released by Goldman Sachs Group Inc (NYSE:GS). Goldman took a look at some of the biggest corporations in the US and came up with a list totaling 50 companies, which have over $1.3 trillion in foreign accounts in between them.
Curious to see which companies prefer keeping their nest eggs parked overseas? Let’s take a look at the countdown.