Many multi-national corps pay no income tax.
A list of companies usually surfaces every year round tax time.
We always here how corporate America justifies taking jobs overseas because of the over burdening tax rates....yea, right.
Government Motors is EXEMPT FROM TAXES under the bailout plan
BUY FORD~!
(Reuters) - Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.
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.