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Article: Companies doing well at avoiding U.S. taxes 2 out of 3 pay nothing at all, study finds
- Article from:
- International Herald Tribune
- Article date:
- August 14, 2008
- Author:
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Lynnley Browning The New York Times Media Group
International Herald Tribune
08-14-2008
Companies doing well at avoiding U.S. taxes 2 out of 3 pay nothing at all, study finds
Byline: Lynnley Browning The New York Times Media Group
Edition: 4
Section: FINANCE/BUSINESS
NEW YORK --
Two out of every three U.S. corporations paid no federal income taxes from 1998 through 2005, according to a report by the Government Accountability Office, the investigative arm of Congress. Foreign corporations doing business in the United States got off even better.
The study, which is likely to add to a growing debate among politicians and policy experts about the contribution of businesses to Treasury coffers, ...