Summary
Thirty large and profitable U.S. corporations paid no income taxes in 2008 through 2010, said a study on Thursday that arrives as Congress faces rising demands for tax reform but seems unable or unwilling to act.
Pepco Holdings Inc, a Washington-area power company, had the lowest effective tax rate at negative 57.6 percent, among the 280 Fortune 500 companies studied.See the full content of this document
Extract
30 U.S. Corporations Pay No Income Taxes
The statutory U.S. corporate income tax rate is 35 percent, one of the highest in the world, but over the 2008-2010 period, very few of the companies studied paid it, according to the report.
The average effective tax rate for the companies over t...See the full content of this document
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