Big U.S. corporations’ offshore untaxed profits equal $2.4 trillion: Untaxed profits booked offshore by S&P 500 corporations, as a share of GDP, 2001–2015
Year | Total permanently reinvested/unrepatriated income as a share of GDP | Total permanently reinvested/unrepatriated income as a share of GDP |
---|---|---|
2001 | 2.7% | |
2002 | 3.3% | |
2003 | 3.9% | |
2004 | 4.3% | |
2005 | 3.4% | |
2006 | 4.3% | |
2007 | 5.4% | |
2008 | 6.2% | |
2009 | 7.1% | |
2010 | 8.1% | |
2011 | 9.5% | |
2012 | 10.7% | |
2013 | 11.6% | |
2014 | 12.0% | 12.0% |
2015 | 13.4% |
Note: 2015 data reflects untaxed profits booked offshore by the Fortune 500.
Source: ATF and EPI analysis of CTJ (2016a)