Technology companies with more money stored abroad – US multinational companies have more than $ 2 trillion in cash abroad, wrote JP Morgan in the latest report. Among the S&P 500, about $ 589 billion, or 63% of all its money, was tied up in international countries, the document said. It makes sense for companies to leave their money abroad because, otherwise, they will be taxed again for the money they transport to the United States. One thing that stands out is that technology companies make up more than half of the top 25 companies with the most money abroad and almost all of the top 10.
This is partly because technology companies make a lot of sales abroad and tend to have lower operating costs than (for example) retailers or manufacturers, so they often preserve a lot of available money.
Here are the Thetech companies with the most money stored abroad…
Technology companies with more money stored abroad
Apple, $ 157.8 billion in cash