Benjamin Franklin mentioned demise and taxes are the one two issues sure in life, however some megacorps have escaped the taxes utterly. In keeping with a USA TODAY evaluation of knowledge from S&P International Market Intelligence, there are 27 corporations in S&P 500 that paid no revenue tax in 2015 regardless of having income for the yr. These large firms embody Common Motors and United Continental. Whilst you would possibly pay dearly in taxes, there are specific loop holes for main corporations to take benefit similar to decrease oversea tax charges. Even when the megacorps present income, they’ll keep away from tax utterly for the yr once they use tax credit score after years of earlier losses. (usatoday.com)
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