3 of 10
BACKNEXT
3. Merck
Untaxed foreign profit: $40.4 billion

Merck operates in more than 140 countries, delivering prescription medicines, vaccines, biologic therapies, and other pharmaceutical products to consumers and health care facilities around the globe.

While the pharmaceutical giant has kept large sums of its earnings overseas in order to avoid U.S. taxes, it has also found ways to bring some of it back without paying the full tax. According to Bloomberg, Merck brought more than $9 billion from abroad in 2008 without paying any U.S. tax to help finance its acquisition of Schering-Plough. Tax consultants have made a mint advising companies on loopholes to the repatriation tax over the years.



NEXT: Johnson & Johnson
Last updated April 14 2011: 3:59 PM ET
Did GE pay U.S. income taxes in 2010? The company known for minimizing its tax bill made a muddled situation worse responding to a New York Times report suggesting it might get a refund. GE now says it has a small tax liability for 2010. More
There's a battle brewing on Capitol Hill over whether or not to lower the corporate tax rate for U.S. companies. History shows that lower taxes do little to help most Americans. More
How a major multi-national company like General Electric manages its tax bill. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.