How U.S. Corporations Skip Out on Their Tax Bill
Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork. This year, one of the most important revelations came from Microsoft’s filings, which spotlighted how the tax code allows corporationdus to enjoy the benefits of American citizenship yet avoid paying U.S. taxes. According to the SEC documents, the company is sitting on… Read more…
