Figure 8
Estimated taxes not collected on offshore profits at 14% tax rate (less foreign taxes paid) (in billions), 2015
| Company | Estimated Tax Bill |
|---|---|
| Apple | $36.5 |
| Microsoft | $20.7 |
| Oracle | $7.1 |
| Citigroup | $6.9 |
| Amgen | $6.8 |
| Qualcomm | $6.1 |
| Bank of America | $2.7 |
Source: EPI analysis of Citizens for Tax Justice, “Ten Corporations Would Save $97 Billion in Taxes Under Obama’s Proposed 14% Transition Tax” (Feb. 16, 2016).
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