TV News LIES

Friday, Apr 04th

Last update06:54:23 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...


White House defends not including Russia, North Korea on tariffs

trumpThe White House on Thursday defended its decision to not include Russia, North Korea, Cuba or...

‘Nowhere on earth is safe’: Trump imposes tariffs on uninhabited islands near Antarctica

Uninhabited islands hit with tariffs A group of barren, uninhabited volcanic islands near Antarctica, covered in glaciers and home to penguins,...

Dow sheds 1,700 points. S&P 500 and Nasdaq have worst day since 2020 on tariff worries

Stock MarketU.S. stock losses closed sharply lower, with the blue-chip Dow losing nearly 1,700 points and the...

Asian markets plunge as world reels from Trump tariff announcement

Asian markets plunge Gold has reached a record high while the yen has strengthened against the dollar and stock...
 
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!