Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ...
by locopati on Monday August 10, 2009 @12:37PM
(#753359)
The trick with 'no profit' is that it's possible for a company to tweak the numbers such that the books show 'no profit' while great profit was made and distributed in ways to allow that (some legal, some illegal, some gray area depending on interpretation). Big companies can take advantage of these rules much more easily than small ones due to a greater ability to allocate resources a legal dept that can explore these options.
The report you cite at truthout also fairly points out that 80% of those companies paid no taxes because they didn't make any money. This doesn't take away from your point though that we have to ask what kind of society we want, but we also should be asking what's fair and also how services are provided.