The US government makes vast interest payments to technology giants including Apple and Microsoft on the billions of dollars they shelter from tax offshore. A trawl of Securities & Exchange Commission (SEC) disclosures shows that Apple, Microsoft, Google and Cisco Systems hold $163 billion in US government debt, earning these companies
Apple And Microsoft Among US Tech Giants Reaping Interest Payments On Offshore Cash
‘If a US multinational puts its offshore cash into a US bank and uses the money to buy US treasuries, stocks and bonds, those funds ought to be treated as having been repatriated and subject to US tax’
– Senator Carl Levin
