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U.S. Companies Stash $2.1 Trillion Overseas

While some companies repatriated foreign earnings in 2014, manyincluding nation's biggest tech firmsincreased holdings abroad to avoid U.S. repatriation tax.

By Richard Rubin, Bloomberg | Updated on March 04, 2015

Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home.

Microsoft Corp., Apple Inc., Google Inc., and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations. The total amount held outside the U.S. by the companies was up 8 percent from the previous year, though 58 companies reported smaller stockpiles.

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