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GAO finding: Majority of Corporations Pay No Taxes.
A BUZZFLASH NEWS ALERT
by Amy Weiss
According to the Government Accountability Office (GAO), about two-thirds of foreign-controlled domestic corporations and U.S.-controlled corporations reported no federal tax liability from 1998 through 2005. About a quarter to half of corporations with over $250 million in assets or $50 million in gross receipts reported no liability.
The report was conducted by the [...]
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2Aug2008 | Winter Ross Charlton | 1 comment | Continued
