alex

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New York, NY

Member Since

March 27, 2008

How Corporations Get Out of Paying Taxes

Posted in Taxes on May 15th 2011

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In the 1950's, corporate taxes accounted for 30% of all federal revenue. Today it is only 6.6%. Earlier this year GE showed us how easy it is to skip out on paying taxes.

With the United States having the 2nd highest percentage in corporate tax (35%). It is no surprise companies have invested time and resources to stop Uncle Sam from taking all their revenue.

Online MBA compiled the steps to do this and created a pretty nifty infographic.

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