As you scurry to pay your taxes, hundreds of U.S. companies
are saving billions of dollars by parking their money outside the
U.S. and avoiding taxation. With a recent Bloomberg study showing
that big companies added more than $200 billion to their offshore
balances over the past year, bringing the total to $1.95
trillion, many wonder what can be done.
In the following video, Dan Caplinger, The Motley Fool's
director of investment planning, goes through why
, and dozens of other major corporations keep their cash outside
U.S. borders. Dan notes that the key is the U.S. tax system,
which doesn't tax offshore profits until they get repatriated,
giving them valuable tax deferral. Moreover, Dan points out that
, and dozens of other companies took advantage of a repatriation
tax holiday that greatly lowered their tax bill. Although
policymakers think another tax holiday might be a mistake, one
proposal involves lowering U.S. corporate taxes to make them more
competitive with the rest of the world and reduce the incentive
that Apple, Microsoft, IBM, and others have in keeping money
Take advantage of this little-known government tax
Recent tax increases have affected nearly every American
taxpayer. But with the right planning, you can take steps to
take control of your taxes and potentially even lower your tax
bill. In our brand-new special report "
The IRS Is Daring You to Make This Investment
The IRS Is Daring You to Make This Investment Now!," you'll
learn about the simple strategy to take advantage of a
little-known IRS rule. Don't miss out on advice that could
help you cut taxes for decades to come.
Click here to learn more.
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