Verizon accused of tax dodging by CWA and Citizens for Tax Justice

[Yo_Mama_Been_Loggin]

Verizon is once again facing another debacle with the Communications Workers of America (CWA), which has accused the telco of not paying its taxes over the past three years.

The CWA's statement is part of a new report called "Unpaid Bills: How Verizon Shortchanges Government Through Tax Dodging and Subsidies," which the union will unveil during a joint press conference it is holding today with Citizens for Tax Justice and Good Jobs First.

CWA is basing its argument on a new report released by the Citizens for Tax Justice and Good Jobs First, which found that 78 out of 280 corporations analyzed did not pay federal taxes in at least one of the past three years.

"Verizon has proven itself to be one of the worst offenders, manipulating state revenue rules, seeking economic development subsidies, and structuring its business and tax affairs to produce a negative federal income tax rate," said the CWA in a media advisory. "Verizon has received state and local tax subsidies in at least 13 states."



http://www.fiercetelecom.com/story/verizon-accused-dodging-taxes-cwa-and-citizens-tax-justice/2011-11-15?utm_medium=nl&utm_source=internal#ixzz1dpPJ6qCG