U.S. Companies Park Profits Overseas, Avoid Taxes
Large American companies are parking more of their profits overseas. A Wall Street Journal analysis found that 60 big companies shielded more than 40 percent of their annual profit from U.S. taxes.
Large American companies are parking more of their profits overseas. A Wall Street Journal analysis found that 60 big companies shielded more than 40 percent of their annual profit from U.S. taxes.
President Obama has set a goal for the nation -- doubling U.S. exports in the next five years -- and helping smaller businesses is a big part of his plan. But for advice from the trenches, we've interviewed five executives at global export leaders and gleaned 10 tips you can apply to your own company.
The Commerce Department reports that U.S. corporate profits have hit historic highs, so why isn't the GOP -- the party of business -- celebrating? After all, those profits are coming not from revenue growth -- which would benefit workers and executives -- but from cost cutting.
When QE2 is complete, the Fed's bond purchases will have injected $1.7 trillion in liquidity into the markets since 2008 in an effort to boost corporate investment in new production and new jobs in the U.S. Instead, companies are taking cash raised here and investing it in emerging markets.
Should it matter to U.S. investors that Middle East stock markets are among the worst-performers this year, with many trading at or near 52-week lows? Hard to know for sure, but here's why this is a development that bears watching.







