GFS News: Major US firms pay less than 10% tax

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(Original Post)

Thursday 3 November 2011 - by Will Henley

Three quarters of major US corporations, including financial services firms, paid corporate tax below 30 per cent in the past three years owing to legal loopholes and state subsidies, according to a study of 280 firms.

Of the probed Fortune 500 companies, around a quarter paid tax...


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