Want To Pay Zero Taxes? Become A Large Corporation
November 2, 2013
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3:38Now PlayingWant To Pay Zero Taxes? Become A Large Corporation
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"Despite widespread groans about the recent disclosure that Apple is finding ways to cut its federal tax bill, an analysis shows the computer giant is one of scores of corporations largely dodging the taxman.
A surprising number of companies in the Standard & Poor's 500, 57, have found ways to pay effective tax rates of zero, according to a USA TODAY analysis of data from S&P Capital IQ.
The effective tax rate is a popular measure used by investors to compare how much companies pay in tax relative to profit."* The Young Turks hosts Cenk Uygur breaks it down.
*Read more here from Matt Krantz / USA Today:
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