Half of S&P 500 report more money for foreign taxes than U.S. taxes
Half of S&P 500 report more money for foreign taxes than U.S. taxes By Stephen Gandel 241 companies paid more foreign taxes in 2020 Nearly half of the large U.S. companies that make up the S&P 500-stock index set aside more money to pay foreign taxes in 2020 than they did for payments to the U.S. government — a lot more money. In all, 241 S&P 500 companies last year earmarked a combined $73 billion for taxes to foreign governments and just $6.7 billion to cover U.S. taxes, according to a CBS MoneyWatch analysis of the companies' regulatory filings and data from financi...