Apple, Google and Others at Trump Tech Summit Have Stashed $560 Billion in Profits Overseas
Jon Schwarz December 16 2016, 7:13?a.m.
U.S.-based multinationals are currently holding $2.4 trillion in profits overseas to avoid paying taxes on them. Remarkably enough, the 11 technology companies represented at Wednesday’s summit with President-elect Donald Trump at Trump Tower in New York account for about one-quarter of that total - a staggering $560 billion - all by themselves.
So while some among the technology industry made muted sounds about refusing to attend a summit with someone who so flagrantly violates tech’s supposed values, they were never going to follow through: Trump is worth far much too much money to them. （以下略）
