How Corporations Avoid Taxes:
Wonder why our country is in such financial straights these days. Well here is a huge reason eplained in terms even I can understand. Also explains why our jobs are being shipped out of the country if you click on the diagram it will enlarge and you will be amazed at what you will learn.
In the 1950’s, corporate taxes accounted for 30% of all federal revenue. Nowadays, they account for just 6.6%. This is because corporations have become masters of tax minimization. Earlier this year, GE became the poster child for these shady practices. Here is how GE – and other corporations like them – manage to do it:
Via: OnlineMBA.com
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