hvactec
VIP Member
October 26, 2013 01:51
Verizon and News Corp. are among the dozens of companies listed on the Standard & Poors 500 that paid a zero percent tax rate in the last year. The so-called effective tax rate is how investors explain the tax a company pays compared to its profit.
While it is not illegal in any way for major companies to pay a zero percent tax rate - or in some cases even less - Fridays analysis by USA Today does highlight some of the creative methods those corporations use to avoid dipping into their profit margins, and how that may ultimately impact national policy on corporate taxation.
The top federal income tax rate currently sits at 35 percent, a number that has been the source of public frustration for many company executives. Yet Seagate (a data storage manufacturer with a market value of $15.9 billion), Public Storage (the largest self-storage firm in the world with a $29.5 billion market value), and others pay a lower tax rate than most individual middle-class American families.
Read more http://rt.com/usa/corporations-loophole-avoid-billions-taxes-761/
Verizon and News Corp. are among the dozens of companies listed on the Standard & Poors 500 that paid a zero percent tax rate in the last year. The so-called effective tax rate is how investors explain the tax a company pays compared to its profit.
While it is not illegal in any way for major companies to pay a zero percent tax rate - or in some cases even less - Fridays analysis by USA Today does highlight some of the creative methods those corporations use to avoid dipping into their profit margins, and how that may ultimately impact national policy on corporate taxation.
The top federal income tax rate currently sits at 35 percent, a number that has been the source of public frustration for many company executives. Yet Seagate (a data storage manufacturer with a market value of $15.9 billion), Public Storage (the largest self-storage firm in the world with a $29.5 billion market value), and others pay a lower tax rate than most individual middle-class American families.
Read more http://rt.com/usa/corporations-loophole-avoid-billions-taxes-761/
