TV News LIES

Sunday, Apr 19th

Last update09:01:45 AM GMT

You are here News Economy Most companies in U.S. avoid federal income taxes

Most companies in U.S. avoid federal income taxes

E-mail Print PDF

Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period. Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.

More... 


Most Recent Related Stories...


Fight for $15 goes global: Workers set to launch worldwide protest

fast food workers set to go world wideOn Wednesday morning, the fast-food labor campaign known as Fight for $15 will stage what organizers...

JPMorgan Chase on track to pay $4b to homeowners as part of settlement

JPMorgan ChaseJPMorgan Chase & Co (JPM.N) is on track to meet its mandate to provide billions of...

How Wall Street captured Washington’s effort to rein in banks

Wall StreetIn the aftermath of the 2008 financial crisis, Keith Higgins was certain: Banks weren’t to blame.Higgins,...

SEC ruling is a major victory for whistleblowers

Whistleblowers muzzledIn what is being called a landmark ruling for whistleblowers, the Securities and Exchange Commission announced...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!