U.S. corporate offshore profits are not “trapped” overseas: Share of major corporations' offshore profits held in U.S. bank accounts or U.S. investments, 2010
0-25% | 26-50% | 51-75% | 76-100% |
---|---|---|---|
Bristol-Meyers Squibb | Coca-Cola | Oracle | Adobe |
CA Technologies | Devon Energy | Motorola | Apple |
Duke Energy | DuPont | PepsiCo | Broadcom |
Eli Lilly | Intel | Cisco | |
Hewlett-Packard | |||
Honeywell | EMC | ||
IBM | Microsoft | ||
Eastman Kodak | Johnson & Johnson | ||
Merck | Qualcomm | ||
Pfizer |
Note: Table reflects companies' U.S. dollars and investments as a percentage of their undistributed accumulated foreign earnings.
Source: ATF and EPI analysis of U.S. Senate Permanent Subcommittee on Investigations (2011, 5)