Corruption is Rife
August 4th, 2004 Chris Posted in Uncategorized |
Does this seem ridiculous to anyone else?
“Of the U.S. corporations on the list [of the world's top 200 in 2000], 44 did not pay the full standard 35 percent federal corporate tax rate during the period 1996-1998. Seven of the firms actually paid less than zero in federal income taxes in 1998 (because of rebates). These include: Texaco, Chevron, PepsiCo, Enron, Worldcom, McKesson and the world�s biggest corporation [at the time of the study] �General Motors.”
