Wrong it tax on earnings. It is profit to be distributed to the shareholders that gets taxed. Do you think if they didn't have to pay tax on earnings they would lower the price for you? Maybe you do, but I have a feeling they would just make more profit instead. Buy back more stock like a lot of them have been doing. I'm watching the Netflix series Narco about Pablo Escobar the Colombian drug lord. He has so much money he has to bury it in pits. Reminds me of these corporations who have theirs hidden in offshore accounts.