corporate taxes

10 Companies That Pay the Most Taxes

You’ve probably seen reports on big companies that pay surprisingly little in federal taxes, due to loopholes and accounting gimmicks. Thanks to the website 24/7 Wall Street, we have a list of the 10 companies that pay the most in corporate taxes.

U.S. Companies Park Profits Overseas, Avoid Taxes

Large American companies are parking more of their profits overseas. A Wall Street Journal analysis found that 60 big companies shielded more than 40 percent of their annual profit from U.S. taxes.

Here's a Corporate Tax Loophole a Porsche Could Drive Through

America used to stand alone among Western nations when it came to corporate tax-dodging. No more: Just as we've exported Hollywood and fast food to the world, we're apparently exporting that aspect of our culture too: Witness how Volkswagen and Porsche are beating one big tax bill.

Many Fortune 500 Firms Pay Less in Income Taxes Than You

It's widely known that millionaires and billionaires pay taxes at a lower rate than those of us who make much less. But did you know that Americans collectively pay far higher income tax rates than many U.S. companies with billions of dollars in profits?

30 Top Companies Spent More on Lobbying than Taxes

Thirty large American corporations -- all of them profitable -- spent more money on lobbying than they paid in federal taxes from 2008 to 2010, according to a report from the nonpartisan reform group Public Campaign.

Retail Launches Its Own Job Growth Policy Campaign

With the 2012 election season looming, the retail sector is getting vocally political for the first time. The National Retail Federation has launched "Retail Means Jobs," a year-long, $10 million advocacy campaign designed to push for retail-friendly policies in Washington.

Top CEOs Earn More Than Their Firms Pay in Taxes

Twenty five CEOs of America's top companies earned more money than their companies paid in taxes last year, according to the Institute for Policy Studies' Executive Excess report. See which firms and CEOs made the list.

What Was Wall Street Thinking Last Week?

Some Street-related dispatches from last week's entry in the Human Comedy: Kim Kardashian filed a silly sounding but well-grounded lawsuit against Old Navy's use of a lookalike; gaming magnate Steve Wynn went all FOXNews on a conference call; and Barnes and Noble surged, nonsensically, on Borders' liquidation.

Will Budget Battle End With a Tax Increase?

Republicans pushing for spending cuts in the 2011 federal budget may be ready to shut the government down to get their way. But is anyone ready to do what it would take to really make a dent in the federal budget: raise taxes on the rich, close corporate tax loopholes, and cut war spending?

The State of the Union 2011 - and You

By accounts, last night's State of the Union address was one of the more inspirational, optimistic speeches given by President Obama. (There were no...

Getting to Zero: How Congress Could Balance the Federal Budget

It took about 10 years of decisions for the federal budget to get more than a trillion dollars out of whack, and it's going to take at least five years to balance it again. The only way to do it is piece-by-piece, with equal sacrifices from both Republicans and Democrats.

Budget Deficit Unexpectedly Narrowed in October

The U.S. government started the new fiscal year on the right foot, posting $140.4 billion deficit in October, the first month of the new fiscal year. That was substantially lower than the $148 billion deficit that had been forecast.