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11/06/2011

America's major corporations do not pay taxes




















America is known in the recent protests against the greed of corporations and banks (Reuters)


Revealed a U.S. study released Thursday that thirty of the U.S. companies big and most profitable did not pay any duties of tax from 2008 to 2010, at a time when the U.S. Congress increasing demands to reform the system of taxes, and insists the U.S. President Barack Obama to increase taxes on the wealthy.


The ratio of corporate income tax in America 35%, one of the highest in the world, but few of the companies covered in the study paid this rate, estimated the actual proportion of the profit tax paid by those companies in the period to 18.5%, according to the study carried out by the group "Citizens for Fiscal justice" and the Institute of tax and economic policy.


The study indicates that the major companies as General Electric, Boeing and Procter & Gamble chromatic SourceForge within thirty companies that have not paid any taxes, according to the same study, these companies will respond to this result as exploiting legal loopholes to enable them to reduce their taxes or not paid at all.


Companies challenged
However, the companies said in a report challenging the findings of the study, where a company spokesman said Bibeko it paid all the taxes.


A spokesman for Boeing aircraft industry giant that it paid all tax and duties between 2008 and 2010, adding that the tax rate applicable to the company's profit was 26.5% and 22.9% and 33.6% respectively in the years 2008, 2009 and 2010.


The owners said the study that the companies in question got a tax cut nearly 223 billion euros (308 billion dollars) between 2008 and 2010, and considered Robert Mack Ontair - a participant in the completion of the study - that "this money is lost to the State, could have been used to support the insurance funds government and to provide jobs and reduce the budget deficit. "

 
Source: Agencies

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