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Title: Report: US Tech Titans Making Bank From Offshore US Treasury Securities Post by: HCK on March 14, 2014, 02:00:22 pm Report: US Tech Titans Making Bank From Offshore US Treasury Securities
Apple, Microsoft, Google and Cisco have accumulated enormous amounts of money via interest payments from the U.S. government, according to a report from the UK's Bureau of Investigative Journalism. The companies together hold $163 billion in U.S. government debt. Of that $163 billion, $124 billion is in U.S. Treasury securities, much of which is held offshore. Source: Report: US Tech Titans Making Bank From Offshore US Treasury Securities (http://www.technewsworld.com/story/80134.html?rss=1) |