Burning Our Bridges

Contents Key Findings…………………………………………………………………………….…… 1 Introduction: The Link Between Public Infrastructure and Corporate Tax Dodging………………………………………………………….…….. 3 The 26 U.S. Corporations with the Largest Overseas Profit Stockpiles………………… 5 Infrastructure Costs that Could be Covered by Fairly Taxing Offshore Profits ….……. 7 Taxation of U.S. Overseas Profits: A Short History ……………………………………... 9 Common Corporate Defenses of Offshore Tax Loopholes and Cuts in Corporate Tax Rates……………………………………………………………….. 11 Policy Options……………………………………………………………………………… 13 Conclusion…………………………………………………………………………………….16 Appendix 1: Sources and Methodology………………………………………………………….… 17 Appendix 2: Our Unmet Infrastructure Needs By the Numbers……………………..…………. 18