This often occurs where a company is paying significant dividends from profits earned overseas.

Toyota dominates its home market with a 42 percent share, but it sells as many cars in the United States as it does at home, and more than two-thirds of its profits are earned overseas.

The corporate tax overhaul Mr. Kerry announced Friday would end provisions in the tax code that allow American companies to take tax deferments on profits earned overseas.

A strong yen cuts into profits earned by Japanese companies overseas.

The company ships products to over 150 different countries; as of 2012, 60% of the company's revenue is earned overseas.

Certain countries such as Jersey and Switzerland accept that these individuals may be exempt from tax on income earned and retained overseas, and are thus not subject to any retention.

The bill would trigger the flow of a trillion dollars back into the American economy by temporarily allowing companies to return profits earned overseas to the U.S. at a temporarily reduced tax rate.

It is earned by you and your colleagues and perhaps to an even greater extent by your colleagues overseas.

The company has offices in more than two dozen countries, yet just 5 percent of its $14.8 billion in fiscal 2000 sales was earned overseas.

Almost a third of group profits are earned overseas, interest and tax charges are down on last year and gearing stands at 13 per cent.