Top 10 U.S. Companies Who Avoided Foreign Profit Tax

Below is data compiled from Bloomberg and Fortune revealing the Top 10 U.S. Companies who avoided tax on foreign profits.

1. General Electric (GE)
Untaxed foreign profit: $94 billion

2. Pfizer (PFE)
Untaxed foreign profit: $48.2 billion

3. Merck (MRK)
Untaxed foreign profit: $40.4 billion

4. Johnson & Johnson (JNJ)
Untaxed foreign profit: $37 billion

5. Exxon Mobil (XOM)
Untaxed foreign profit: $35 billion

6. Citigroup (C)
Untaxed foreign profit: $32.1 billion

7. Cisco Systems (CSCO)
Untaxed foreign profit: $31.6 billion

8. IBM
Untaxed foreign profit: $31.1 billion

9. Procter & Gamble (PG)
Untaxed foreign profit: $30 billion

10. Microsoft (MSFT)
Untaxed foreign profit: $29.5 billion

Share on Facebook

Tags: international market

This entry was posted on April 19, 2011 at April 19, 2011 and is filed under Dollar, International Markets, U.S Market. You can follow any responses to this entry through the RSS 2.0 feed.