The U.S. Companies With The Most Offshore Cash

The use of tax havens is ubiquitous across America’s 500 largest companies. Collectively, they hold $2.1 trillion in offshore cash, according to a recent study by Citizens for Tax Justice and the U.S. PIRG Education Fund. Establishing foreign subsidiaries in places with little or no tax such as Bermuda or the Cayman Islands, has allowed  them to avoid an estimated $90 billion in federal income taxes each year.