June 11, 1986 04:54 PM | Permalink |
This report is the third in a series of CTJ surveys of the taxpaying or tax-avoiding habits of America’s major corporations, many of which have enjoyed a tax holiday since the experiment in supply-side corporate tax “incentives” began in 1981. It comes as Congress is on the verge of fundamental reform of the federal income tax code, including changes designed to respond to public discontent with a tax system that allows profitable corporations to avoid their tax responsibilities.