Big U.S. firms hold $2.1 trillion overseas to avoid taxes -study

WASHINGTON (Reuters) - The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday.

from Reuters: Technology News http://ift.tt/1WLgN6l