Wednesday, March 25, 2009

Study says most corporations pay no U.S. income taxes | Reuters

Study says most corporations pay no U.S. income taxes (Reuters): "The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005."

According to the Government Accountability Office, nearly all of America's top 100 corporations maintain subsidiaries in countries identified as tax havens.

You are not going to hear much about this in the news because they are all doing it.

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