Apple, Google Among Top U.S. Companies Parking Cash Offshore To Reduce Taxes, Study Says

By Connie Guglielmo

Apple may get the brunt of the attention for its use of offshore havens to offset the taxes it pays in the U.S., but it’s hardly alone.

Six of the biggest names in technology — Apple, Microsoft, IBM, Cisco Systems, Hewlett-Packard and Google – ranked in the Top 15 of the 100 publicly-traded companies (as measured by revenue) with the most money held offshore, according to a new report called “Offshore shell Games” by U.S. PIRG, a federation of public interest research groups.

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