U.S. companies continued to hoard their foreign profits as they await a tax holiday that may not...

|By:, SA News Editor

U.S. companies continued to hoard their foreign profits as they await a tax holiday that may not come or a change in the law. The untaxed overseas income of 70 U.S. corporation climbed by $187B over the past year, a Bloomberg analysis finds, with GE and Pfizer (PFE) leading the way. In total, the U.S. firms hold $1.2T abroad.