San Diego Housing Market News and Analysis
Businesses Taxed Too Much? Not Really...
User Forum Topic
Submitted by gandalf on February 21, 2011 - 2:09pm
(Reuters) - Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.
The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.
~Financial Market Commentary~
*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.
~Active forum topics~
~SD Home Price Snapshot~