16 Giant Corporations That Have Basically Stopped Paying Taxes -- While Also Cutting Jobs!

[xchrom]

http://www.alternet.org/corporate-accountability-and-workplace/16-giant-corporations-have-basically-stopped-paying-taxes


The brackets are set for the big dance — the dance around tax responsibility. Most of the teams are in the bottom bracket. In this league, the lowest score wins.

***SNIP

The 64 corporate teams paid just over 8% in taxes over the five-year period.

The Slink Sixteen

General Electric: The worst tax record over five years, with $81 billion in profits and a $3 billion refund.

Boeing: In addition to receiving a refund despite $21.5 billion in profits, the company ranked high in job cutting, underfunded pensions, and contractor misconduct.

Exxon Mobil: Made by far the largest profits in the group, but paid less than 1% in U.S. taxes, and yet received oil subsidies along with their tax breaks. Unabashedly reports a 2012 "theoretical tax" of over $27 billion, almost 90% of its total income tax expense. The company was also near the top in contractor misconduct.

Verizon: Second worst tax record, with a refund despite $48 billion in profits.

Kraft Foods: Received a refund from the public despite $13.5 billion in profits. Also a leading job-cutter.

Citigroup: One of the five big banks who are estimated to get a bailout/refund from the American public amounting to three cents from every tax dollar.

[HughBeaumont]

1. It cannot be said enough:

It's LONG past time to take America's CEO Larceny Industry to task. This isn't about "The Right to Make a Profit" any longer . . . their actions are causing irreparable harm to the economy and America's health.

If life doesn't get fairer pretty goddamned fast, we're not going to have much OF one.

[Wilms]

2. ^

[marmar]

3. MIC, Big Oil, Banksters, Big Food and Telecoms all represented......

....... the defacto government of these United States.

[xchrom]

4. +1