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Companies Stashing Profits Overseas

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  • Description

    FBN’s Liz MacDonald weighs in on companies stashing cash overseas.

  • Duration 1:40
  • Date

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Here with more as a with the Donald but -- -- to bottom line -- well here's still lost journal is now with the latest analysis sixty companies substantially more profits overseas up 15% to one point three trillion.

As -- effective rate is going down down to 14%.

-- witnessing other analysis to -- its test overseas as Washington DC.

Is moving to possibly tax those profits even more the president out last week saying he wants to end tax breaks that basically -- let companies.

Offshore their profits and apple is is a big player in this game GE is leading the way a 108 billion -- -- stashed overseas.

The companies -- say listen we need that money overseas to create jobs you know basically here at home and it supports our plants overseas and essentially.

The with the bring it back home we're gonna get -- get taxed twice.

But what that went down the debate is is that the companies are offshoring their patents and their copyrights keeping -- value of those.

Things overseas to avoid taxation here.

I'll say this -- -- fight it's getting head of steam down their Washington DC the president out again last week saying he wants that and those kinds of tax breaks.

Whether or not you can do remains we've seen Honeywell as saying listen 54% our revenues comes from overseas anyway that we yeah.

Currently valued at a very get a date so we don't update this is a big deal because you know that did -- we're gonna see who board of these tax breaks taken away from companies -- -- keep -- This -- -- after they pay taxes on and we are the only major economy that did when they bring it home we wanna taxes again that's why they leave it -- that they're doing it for their shareholders well -- leader of their they pay the rate to the overseas.

Yes my far lower rate as we have the highest taxes in the world -- some of -- thanks very much -- -- -- Are right take a look at that.

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