Friday, April 15, 2011

How 12 Multinational Corporations Avoid Paying Taxes

Over the past month, General Electric has been held up as the pinnacle of corporate vampirism –– the world’s largest corporation in the world’s lowest tax bracket. But it’s not just GE that’s bilking the system and paying zero dollars in taxes.

A new report out today illustrates that at least 11 other multinational, billion-dollar corporations managed to get a free pass from the IRS – and not only that, but while average Americans scraped their piggy banks to pay hefty taxes on paltry paychecks, many of these companies actually got a refund.


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