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Big U.S. corporations only pay one-third of tax rate: report

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By Patrick Temple-West

WASHINGTON (Reuters) – For U.S. corporations the top federal income tax rate is 35 percent, but large, profitable companies on average paid only about a third of that in 2010, a report by the investigative arm of Congress said on Monday.

As corporate lobbyists seek to preserve business tax breaks and cut the corporate tax rate, the Government Accountability Office said big companies with earnings paid just 12.6 percent of their worldwide income in taxes in 2010.

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The GAO report came at a time of tight government budgets and increased attention among lawmakers to corporate tax avoidance in Europe and the United States.

While U.S. companies often complain about the 35 percent top tax rate being among the world’s highest, “what they don’t like to admit is that hardly any of them pay anything close to it,” said Senator Carl Levin, a Michigan Democrat, in a statement.

The GAO report – which did not name specific companies – said that earlier studies had found U.S. companies paid 20 percent to 30 percent of their income in taxes.

But the GAO said public financial statements and new IRS data showed the tax rate for profitable corporations was even lower.

Levin released a report in May detailing corporate tax avoidance by Apple Inc. Last year, he scrutinized Microsoft Corp’slow tax bills.

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Democratic President Barack Obama and some lawmakers have called for lowering the top 35 percent corporate tax rate.

In April, GAO published a report saying the annual cost of corporate tax breaks to the U.S. Treasury has more than doubled to $180 billion since 1987.

(Editing by Kevin Drawbaugh and Steve Orlofsky)

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FBI has ‘no intelligence’ Antifa was involved in Sunday’s violence at DC protests: report

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Attorney General Bill Barr and President Donald Trump have tried to blame Antifa -- or anti-fascists -- for violence in the protests against police injustice. But the public data has backed up their case, and even their on intel disputes the argument.

"he FBI’s Washington Field Office “has no intelligence indicating Antifa involvement/presence” in the violence that occurred on May 31, according to an internal FBI situation report obtained exclusively by The Nation. That same day, President Donald Trump announced on Twitter that he would designate Antifa a terrorist organization, even though the government has no existing authority to declare a domestic group a terrorist organization," Ken Klippenstein reported for the magazine.

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NYC protesters defy curfew — with a profane message for Mayor Bill de Blasio

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Protesters in New York City continued to march after 8 p.m. on Tuesday -- in open defiance of a curfew order from Mayor Bill de Blasio.

Jan Ransom, who covers courts and jails for The New York Times, posted video of protesters chanting, "f*ck your curfew."

Wonder what protesters think about @NYCMayor’s 8 pm curfew?

Just listen. pic.twitter.com/8H38XNGfQt

— Jan Ransom (@Jan_Ransom) June 2, 2020

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DC police demand people standing in line to vote go home — even though they’re exempt from curfew: report

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Although Washington, D.C. is under curfew due to the George Floyd protests, the DC Board of Elections and Mayor Muriel Bowser have made clear that anyone waiting to vote in the district's primary elections are exempt from the curfew.

But according to the reports of at least one voter, some police in the district are still telling people waiting in line to vote to disperse and return to their homes.

THIS MOMENT IN WASHINGTON, DC:• A citywide curfew in effect• It's election day• Voters are exempt from the curfew• This line to vote is stretches all 4 sides of the block• Peaceful protests underway only blocks away@NBCLX @nbcwashington pic.twitter.com/5uru5Yow1E

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