Big Profits….No Taxes. The American Way?
According to a new report from the Government Accountability Office, two-thirds of U.S. corporations paid no federal taxes between 1998 and 2005. And a whopping 68% of foreign companies doing business in the United States also paid no federal taxes during that same period. All while doing “trillions of dollars in sales.”
I must say, I am inclined to agree with Senator Byron Dorgan (D.,N.Dakota), who observed in response to the report, “It’s shameful that so many corporations make big Read more
August 21st, 2008 1 Comment 501(c)(3) corporate tax evasion for-profit Gaudenzia Government Accounting Office