TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Thursday, April 18, 2013

CTJ: Ten Reasons Why We Need Corporate Tax Reform

Citizens for Tax Justice, Ten (of Many) Reasons Why We Need Corporate Tax Reform:

This CTJ report illustrates how profitable Fortune 500 companies in a range of sectors of the U.S. economy have been remarkably successful in manipulating the tax system to avoid paying even a dime of tax on billions of dollars in profits. These ten corporations’ tax situations shed light on the widespread nature of corporate tax avoidance. As a group, the ten companies paid no federal income tax on $16 billion in profits in 2012, and they paid zero federal income tax on $57 billion in profits over the past five years. All but one paid less than zero federal income tax in 2012; all paid exceedingly low rates over five years.

http://taxprof.typepad.com/taxprof_blog/2013/04/ctj-.html

Tax, Tax Profs, Think Tank Reports | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef017c38979179970b

Listed below are links to weblogs that reference CTJ: Ten Reasons Why We Need Corporate Tax Reform:

Comments

I am sure that the Citizens for Tax Justice would rebuke anyone who suggested 40% of Americans pay no income tax by noting that one shouldnt exclude payroll taxes. Does that not apply here?

Posted by: yo Gabbatpour Gabbatpour | Apr 19, 2013 12:09:05 AM