Monday, January 2, 2012

Attack of the deadbeat corporations, Part 2 By Andrew Leonard / Salon

Wednesday, Dec 7, 2011 5:00 AM 18:58:22 PST

Attack of the deadbeat corporations, Part 2

We already knew U.S. companies weren't paying enough federal taxes. But the same is also true at the state level

corporate crime

Why do those mean people at the Citizens for Tax Justice and the Institute on Taxation and Economic Policy keep picking on American corporations? Just one month ago, they released a damning report pointing out how hundreds of the bluest of American blue-chip corporations were flat-out deadbeats when it came to paying their federal income taxes. But that wasn’t enough. Now they’re piling on with even more nasty numbers — a breakdown of how many of those same Fortune 500 companies are also slipping out from under their state tax liability.
Andrew Leonard
Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21. More Andrew Leonard

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