The Real Corporate Tax Bill—How Much Do Companies Really Pay the IRS?

  Government and Economy The Real U.S. Corporate Tax Bill A new study commissioned by BusinessWeek shows that Corporate America pays the IRS anywhere from zero to 400% of income. Where does your business fall on that line? BusinessWeek.com Banking Industry Bracing for Stress Test Results In a slow-motion move designed to blunt market reactions, federal regulators will soon tell the banks—privately—the results of their stress tests and to release the test methodology, which could point to the banks that may be in trouble and alarm depositors and investors. The results will be r... [Read Full Article]


Corporate Taxes: Who is Really Paying?

Senator Byron Dorgan (D-ND) has had enough. "It's time for the big corporations to pay their fair share," Dorgan said. The focus of his frustration is the fact, confirmed by a Government Accountability Office (GAO) study, that in the US, 66% of US corporations and 68% of the foreign companies doing business in the US avoided paying federal income taxes. The GAO’s study, which was requested by Dorgan and his colleague, Senator Carl Levin (D-MI), covered a period from 1998 to 2005. It developed the statistics, but did not delve into why this was happening.  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-lan... [Read Full Article]