These Companies Have Vast Swiss Bank Accounts


by SavvyRoo on Apr 18, 2016 | Views: 253 | Score: 2
Amount of money held offshore (in USD)
Apple181100000000
Microsoft108300000000
IBM61400000000
Cisco52700000000
Alphabet47400000000
HP42900000000
Oracle38000000000
Qualcomm25700000000
$
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SavvyRoo
SavvyRoo on Apr 18, 2016 4:37 PM said:

The American tax codes can be a pain in the neck. To avoid the hassle, some companies decide to store their wealth offshore rather than face steeper tax rates in the US. Apple leads the charge as the tech company with the largest offshore bank account. According to Oxfam America, Apple keeps a whopping 181 billion dollars offshore.

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