President Obama has proposed a series of economic measures recently that include changes to the corporate taxation structure. These potential changes may or may not affect companies’ foreign profits and their repatriation of funds.
Goldman Sachs Group Inc (NYSE:GS) highlights the 50 companies in the S&P 500 (INDEXSP:.INX) with the most earnings permanently reinvested overseas, and who are therefore the companies potentially most impacted by a shift in the tax code.
The foreign sales for these 50 companies totaled $1.8 trillion in 2012 and accounted for 53% of the total sales reported for the S&P 500 (INDEXSP:.INX). By market capitalization, these 50 stocks represent 38% of the S&P 500 (INDEXSP:.INX), and have nearly $1.3 trillion of permanently reinvested foreign earnings.
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Looking at sectors, information technology makes up the greatest share of this list as compared to its share of the total S&P 500 (INDEXSP:.INX).