Microsoft’s Offshore Profit Pile Surges Past $100 Billion Mark
A worker walks past a Microsoft office building in Beijing, on July 31, 2014.
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Microsoft Corp.’s stockpile of offshore profits rose to $108 billion, with a 17 percent increase over the past year as the company continues reaping profits in low-tax foreign jurisdictions.
The company crossed the $100 billion mark, making it just the second U.S. corporation -- after General Electric Co. -- to do so, according to a securities filing July 31. Apple Inc. has more cash abroad than Microsoft, but it already has assumed for accounting purposes that it will pay tax on some of the stockpile and thus has less than $70 billion offshore that would affect earnings directly if repatriated.