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U.S. corporations are subject to U.S. corporate taxes at a 35 percent rate for all of their earnings, domestic and abroad, but many have accumulated substantial untaxed profits overseas. The tax law allows for foreign tax credits, giving credit for taxes paid in the foreign countries. Untaxed profits, on which U.S. taxes are owed, arise because the U.S. corporations' overseas subsidiaries may be in countries with low corporate taxation rates, the earnings that are held overseas are not taxed until repatriated. Estimates range from $1.6 to $2.1 trillion for the untaxed total, in recent years. As the Wall Street Journal notes, the "()ntaxed foreign earnings are part of a contentious debate over U.S. fiscal policy and tax code."〔 ==Background== A number of studies have estimated the untaxed overseas profits to be from $1.6 to $2.1 trillion. In 2013, a private research firm study asserted there were more than $2.1 trillion of U.S. corporate profits untaxed in 2013. In 2012, a Bloomberg study found $1 trillion held overseas for 70 U.S.-based multi-national companies, using public annual reports for years ending in 2010 and 2011, and it estimated an overall total of $1.6 trillion.〔 A 2011 study by JPMorgan Chase & Co. identified $1.375 trillion in undistributed foreign earnings. A Wall Street Journal analysis in 2012 found that the amounts for 60 large firms grew by $166 billion in the preceding year, shielding 40 percent of their earnings. Foreign profits were up 93 percent from 2008 to 2013. Earnings of U.S. companies are supposed to be taxed at a 35-percent rate by the IRS, but companies can avoid this rate using a loophole that defers taxation on active income that is not repatriated. These companies only pay tax on profits when the profits are brought into the United States. Profits held offshore indefinitely and classified as invested abroad are left untaxed. Companies may want to bring earnings home, in order to pay dividends, to make U.S. investments, or for other reasons. But many firms may put off any need for cash by issuing debt in the U.S., instead.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Companies of the United States with untaxed profits」の詳細全文を読む スポンサード リンク
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