Friday, February 25, 2011
Citizens for Tax Justice, Boeing’s Reward for Paying No Federal Taxes Over Last Three Years? A $35 Billion Federal Contract
Despite reporting nearly $10 billion in domestic pre-tax profits between 2008 and 2010, the Boeing Corporation, which was granted a contract worth as much as $35 billion to build airplanes for the federal government earlier this week, did not pay a dime of U.S. federal corporate income taxes during this three-year period.
“Throughout the competition for this lucrative federal contract, Boeing has tried to position itself as the company that supports America,” said Bob McIntyre, executive director of Citizens for Tax Justice. “But its shocking success in avoiding payment of US corporate income taxes tells a very different story.”