Profits for U.S. companies are at a record high, yet companies have hoarded nearly one trillion overseas to dodge U.S. taxes, a new Moody's analysis shows. The findings, based on an analysis that looked at U.S. non-financial, Moody’s-rated companies, also reveal that these companies had stockpiled $1.64 trillion in cash at the end of 2013. That's
Tax Dodging Companies Hoarding Nearly One Trillion Overseas
New analysis, hearing, report make clear: tax dodging corporations siphon revenue that could help Main Street