On 11/3/2011 6:50 AM, X ` Man wrote:
(CBS News)

Advocates for reducing U.S. corporate tax rates argue that lower
corporate rates charged in other countries impede American
competitiveness. Yet a new study finds that many of the nation's top
companies are already paying less in U.S. taxes on their pretax profits
than they do overseas.

In a study comprising more than half of the Fortune 500 list of the
largest U.S. corporations, a quarter of those examined paid little or
nothing in federal income taxes during the 2008-2010 period, despite
registering profits in all three years.


I wonder why corporations leave the US tax haven and move to far off
places? Harry knows the answer but he won't admit it.
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1-20-13 The end of an error