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SAT NOV 05, 2011 AT 08:30 AM PDT There are a lot of corporate bad guys to point at in the new report Corporate Taxpayers & Corporate Tax Dodgers (PDF). Out of 280 profitable Fortune 500 corporations the report examines, 30 paid a negative effective federal income tax rate between 2008 and 2010, while 67 paid less than [...] Washington, DC – A comprehensive new study that profiles 280 of America’s most profitable companies finds that 78 of them paid no federal income tax in at least one of the last three years. Thirty companies enjoyed a negative income tax rate over the three year period, despite combined pre-tax profits of $160 billion. These are among the findings in “Corporate Taxpayers and Corporate Tax Dodgers, 2008-2010,” released today by [...] |
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