“Really Low” Tax Rate for Money Stashed Abroad

American multinational corporations are currently stashing a staggering $2.4 trillion in profits — about 14 percent of the size of the entire U.S. economy — overseas. Multinationals are required by U.S. law to pay the statutory 35 percent tax on profits they earn anywhere on earth, but the tax is not assessed until the profits are brought back to the U.S.

Source: Hillary Clinton Privately Pitched Corporations on “Really Low” Tax Rate for Money Stashed Abroad