What US Companies Have the Most Untaxed Foreign Income?

More tax day data porn: These are the 10 companies that have the most untaxed foreign income:

1. General Electric (GE)
Untaxed foreign profit: $94 billion
Tax Haven: US
Strategy: An army of 1000 former IRS accountants keeps GE’s taxes near zero

2. Pfizer (PFE)
Untaxed foreign profit: $48.2 billion
Tax Havens: Global
Strategy: HC Industry keeps more profits overseas than any other industry

3. Merck (MRK)
Untaxed foreign profit: $40.4 billion
Tax Havens: 140 countries
Strategy: Used more than $9 billion from abroad in 2008 tax-free to finance Schering-Plough acquisition

4. Johnson & Johnson (JNJ)
Untaxed foreign profit: $37 billion
Tax Havens: Choose from 60 countries
Strategy: 48 consecutive years of dividend increases.

5. Exxon Mobil (XOM)
Untaxed foreign profit: $35 billion
Tax Havens: Does most of its business on international soil
Strategy: 80% of the company’s 2009 earnings came from outside the U.S.

6. Citigroup (C)
Untaxed foreign profit: $32.1 billion
Tax Havens: Various countries across Asia, the Middle East and Africa
Strategy: Lose Billions i crash; Garner s $45 billion bailout

7. Cisco Systems (CSCO)
Untaxed foreign profit: $31.6 billion
Tax Havens: Keeps $40 billion in cash overseas
Strategy: Lobbying for tax holiday for repatriated income

8. IBM
Untaxed foreign profit: $31.1 billion
Tax Havens: India, China, Brazil and Russia
Strategy: international expansion into smaller emerging markets

9. Procter & Gamble (PG)
Untaxed foreign profit: $30 billion
Tax Haven: China
Strategy: Overseas accounts for 58% Sales

10. Microsoft (MSFT)
Untaxed foreign profit: $29.5 billion
Tax Havens: Ireland, then the Netherlands, then Bermuda
Strategy: Double Irish and the Dutch Sandwich

Data Sources: Bloomberg, Fortune

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