  
GAO finding: Majority of corporations pay no taxes. Sen. Levin decries 'tax trickery.'Quicklink Submitted By Sheila Samples 1 comment
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| According to the Government Accountability Office (GAO), about two-thirds of foreign-controlled domestic corporations and U.S.-controlled corporations reported no federal tax liability from 1998 through 2005. About a quarter to half of corporations with over $250 million in assets or $50 million in gross receipts reported no liability. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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