When the taxman comes knocking at the door, there’s not a lot that the Regular Joe can do besides pay up.
Fortune 500 companies, on the other hand, have the resources and wherewithal to give themselves options that regular folks do not. With billions of revenues, it’s worth it for these companies to do whatever they can to avoid the IRS – and much of the time, that means stashing cash in offshore tax havens.
FORTUNE 500 FIRMS WITH CASH IN OFFSHORE TAX HAVENS
Today’s infographic is from HowMuch.net, a cost information site. It looks at the 30 companies in the Fortune 500 index with the most holdings in offshore tax havens.
Image courtesy of: HowMuch.net
Apple, which is the world’s largest public company, has a boatload of cash and assets stored offshore – about $181.1 billion in fact. That’s about enough money to buy Coca-Cola, Goldman Sachs, or Walt Disney.
The deferred tax bill on bringing that back onshore? It’s estimated to be $59.2 billion.