New Report Highlights Billions of Lost Revenue to States
A comprehensive new study that profiles 265 consistently profitable Fortune 500 companies finds that many of these enjoyed overall effective state income tax rates far below Utah’s statutory five percent rate. Dozens of these companies that operate in the state paid effective rates of one percent or less from 2008 to 2010, even while making hundreds of millions of dollars in profits. Click on link below to view press release.
Corporate Tax Dodging in 50 States 2008-2010 (12-7-11)
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