The top 10 companies with overseas holdings that could soon be taxed

Trump's new tax code could put these companies' offshore earnings under the gun

New York Weekend Edition /
Nov.November 04, 2017 04:00 PM

Under the House Republicans’ new tax bill, some of the largest U.S. companies’ overseas cash earnings could be taxed at 12 percent. According to Goldman Sachs, American companies’ offshore holdings total $3.1 trillion — of these funds, taxes are not owed until the companies repatriate them to U.S. accounts, according to the current tax code.

Here are the top 10 companies, ranked by Bloomberg in order of the size of the overseas holdings, that would get slapped with the new tax:

1. Apple

2. Microsoft

3. Cisco Systems

4. Alphabet

5. Oracle

6. Johnson & Johnson

7. Amgen

8. Gilead Sciences

9. Qualcomm

10. General Electric

[Bloomberg] — E.K. Hudson


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
34-24 Hunters Point Ave
City accuses its landlord of gaming property taxes
City accuses its landlord of gaming property taxes
Sen. Mitt Romney and Sen. Kyrsten Sinema (Getty)
Developers, rejoice: Carried-interest loophole is saved again
Developers, rejoice: Carried-interest loophole is saved again
Stephen Schwarzman, Senator Joe Manchin, and Senate Majority Leader Charles Schumer (Illustration by The Real Deal with Getty Images)
Real estate scores loophole to save loophole
Real estate scores loophole to save loophole
Senator Chuck Schumer and Senator Joe Manchin (Illustration by Kevin Cifuentes for The Real Deal with Getty)
Manchin-Schumer deal closes real estate tax loophole
Manchin-Schumer deal closes real estate tax loophole
15 Hanover Place in Downtown Brooklyn (Lonicera Partners, Getty)
Lonicera scores $134M loan for DoBro tower
Lonicera scores $134M loan for DoBro tower
(Getty)
CMBS volume plunges 29% in second quarter
CMBS volume plunges 29% in second quarter
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...