Figure 7
Big corporations would get a multibillion-dollar tax break at 14% tax rate: Estimated taxes major corporations owe on offshore profits, 35% versus proposed 14% tax rate (less foreign taxes paid), 2015 (billions)
| Company | 35% rate | 14% rate |
|---|---|---|
| Apple | $60.90 | $24.40 |
| Microsoft | $34.50 | $13.80 |
| Citigroup | $12.70 | $5.60 |
| Amgen | $11.40 | $4.50 |
| Oracle | $11.80 | $5.00 |
| Qualcomm | $10.20 | $4.10 |
| Bank of America | $5.00 | $2.30 |
Source: ATF and EPI analysis of CTJ (2016b)
This chart appears in:
Previous chart: « 50 companies hold over three-fourths of untaxed offshore profits: Share of offshore profits held by top four, 10, 43, and 50 companies, 2015
Next chart: Estimated taxes not collected on offshore profits at 14% tax rate (less foreign taxes paid) (in billions), 2015 »