16 Apr '11, 9pm

Corporate Tax Dodgers: The Dirtiest Dozen

Corporate Tax Dodgers: The Dirtiest Dozen

Created April 14, 2011; last updated April 15, 2011 Billionaire real estate investor and legendary tax evader Leona Helmsley famously said: “Only the little people pay taxes." It turns out Helmsley was all too right. Last month’s discovery that GE paid zero in taxes in 2010 has exploded across the news. But GE is not alone. Rainforest Action Network reviewed the top four banks, oil and coal companies in the country, and found that all of them are gaming the system. In fact, Bank of America, Citi, Massey Energy and Chevron have also all paid zero in federal income taxes this year or in year’s past. We reviewed 12 of the dirtiest corporate tax dodgers: Bank of America, Citi, JPMorgan, Wells Fargo, Chevron, BP, Shell, Exxon, Massey Energy, Alpha Natural Resources, Peabody Energy and Arch Coal. These 12 banks, oil and coal companies are responsible for foreclosing on millions ...

Full article: http://ran.org/content/corporate-tax-dodgers-dirtiest-doz...

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