TV News LIES

Wednesday, Feb 28th

Last update03:11:27 AM GMT

You are here News Economy Most companies in U.S. avoid federal income taxes

Most companies in U.S. avoid federal income taxes

E-mail Print PDF

Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period. Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.

More... 


Most Recent Related Stories...


Macy's to close 150 stores in new turnaround effort, forecasts weak 2024 sales

Macy's to close 150Macy's on Tuesday forecast annual sales and profit below expectations and said it would shutter about...

Wall Street notches fresh records as S&P 500 and Dow Jones close at all-time high

Wall Street notches gains at all time high Wall Street scaled fresh records on Monday, as the S&P 500 and the Dow Jones industrial...

S&P 500 closes above 5,000 for first time as US inflation cools

S&P closes above 5000 US stock markets hit another historic high on Friday, with the S&P 500 closing above 5,000...

Wayfair lays off over 1,000 employees weeks after CEO told company to 'work longer hours'

Wayfair layoffs Online home goods retailer Wayfair announced Friday that it is laying off approximately 1,650 employees, representing...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!