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Apple pays lower corporate tax rate than Wal-Mart: report
Computer giant Apple isn’t just a pioneer of merging art and technology — the most profitable tech company in the world is also a tax innovator, having created some of its own accounting tricks to get around paying billions to the U.S. Treasury, according to a report from The New…
Flash mob targets General Electric with tax-dodging song and dance
General Electric, one of the largest and most profitable corporations in the world, isn’t immune to criticism, and on Thursday some of their most vocal critics — their shareholders — gathered in the lobby of the company’s Boston offices to elaborate on their frustrations through song and dance. “GE pays…
General Electric paid 2.3 percent in taxes on $81 billion in profits: report
U.S. corporation General Electric (GE) paid just 2.3 percent in federal taxes over the last 10 years, even as it reaped more than $81 billion in profits over that same period, according to an analysis of the company’s most recent tax filings. Nonpartisan watchdog group Citizens for Tax Justice said…
Buffett: High corporate taxes are a ‘myth’
Billionaire investor Warren Buffett says that it’s a “myth” that high taxes are “strangling” U.S. corporations. In a Monday op-ed for The Wall Street Journal, Republican presidential candidate Rick Santorum called for the corporate tax rate to be halved from 35 percent to 17.5 percent to “[r]estore America’s competitiveness.” CNBC’s…
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