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Report: US Tech Titans Making Bank From Offshore US Treasury Securities
2014-03-13 21:59:10| TechNewsWorld
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.
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Category:Information Technology