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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (930663)4/16/2016 12:46:39 AM
From: Wharf Rat  Read Replies (3) of 1573960
 
27 giant profitable companies paid no taxes

There are 27 companies in the Standard & Poor's 500, including telecom firm Level 3 Communications (LVLT), airline United Continental (UAL) and automaker General Motors (GM), that reported paying no income tax expense in 2015 despite reporting pre-tax profits, according to a USA TODAY analysis of data from S&P Global Market Intelligence.

Only profitable firms were included in the analysis since firms that lost money - like many energy companies - wouldn't be expected to pay taxes.

usatoday.com
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