U.S. Companies Stashing More Cash Abroad As Stockpiles Hit Record $1.45T

Corporate America has dramatically increased its cash piles over the past few years, stashing more and more Benjamins every year since 2007. In 2012, U.S. non-financial companies filled their coffers with an additional $130 billion, taking their total cash to a record $1.45 trillion as the economy has stagnated and the labor market has moved sideways. At the same time, a prohibitive corporate tax scheme coupled with emerging market growth have pushed U.S. firms to keep 58% of their cash, or $840 billion, overseas.