FACTBOX-30 US corporations paid no taxes '08-'10

Thu Nov 3, 2011 12:01am EDT

Related Topics

Nov 3 (Reuters) - Thirty U.S. Fortune 500 corporations paid
no income taxes in 2008 through 2010, said a report from two
policy think tanks released on Thursday.
    The report was issued by Citizens for Tax Justice and the
Institute on Taxation and Economic Policy.
    The 30 companies had negative effective tax rates, meaning
they made more in profits after accounting for taxes than
before. The negative tax provisions include "carry back" tax
benefits applied to previous tax years.
    Here are the 30 companies named in the report and their
effective tax rates:
    Company                   Effective tax rate 2008-2010
    Pepco Holdings -57.6 percent
    General Electric -45.3 percent
    Paccar -30.5 percent
    PG&E Corp -21.2 percent
    Computer Sciences -18.3 percent
    NiSource -16.4 percent
    CenterPoint Energy -14.7 percent
    Tenet Healthcare -11.6 percent
    Atmos Energy -11.6 percent
    Integrys Energy Group -11.3 percent
    American Electric Power -9.2 percent
    Con-way -9.1 percent
    Ryder System -7.3 percent
    Baxter International -7.1 percent
    Wisconsin Energy -4.9 percent
    Duke Energy -3.9 percent
    DuPont -3.4 percent
    Consolidated Edison -3.0 percent
    Verizon Communications -2.9 percent
    Interpublic Group -2.6 percent
    CMS Energy -2.2 percent
    NextEra Energy -2.2 percent
    Navistar International -2.0 percent
    Boeing -1.8 percent
    Wells Fargo -1.4 percent
    El Paso -1.0 percent
    Mattel -0.9 percent
    Honeywell International -0.7 percent
    DTE Energy -0.7 percent
    Corning -0.2 percent
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.