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How corporations avoid paying income taxes

The San Francisco Chronicle
by Kathleen Pender

04/21/11

With all the talk about how companies like General Electric and Cisco pay no or very low U.S. taxes, reader Hal Helfan of Oakland wants to know why cant there be an alternative minimum tax for corporations like there is for individuals, to make sure that companies cant use loopholes to wipe out their tax burden. 'If the AMT rate were set appropriately, it would probably be easier to lower the corporate tax rate and would definitely be a boon to small corporations that dont get much benefit from tax credits,' he writes. In fact there is a corporate AMT, and it works very much like the individual AMT...

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Informant: Thomas L. Knapp



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