X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Eleven U.S. corporations including General Electric Co., Boeing Co. and Wells Fargo & Co. together reported $62 billion in domestic profits in 2010 while paying a negative 3.6 percent federal tax rate, according to data released today by Citizens for Tax Justice.

The Washington-based interest group, which is backed by labor unions, hopes the data will help persuade President Barack Obama to abandon his efforts to rewrite the corporate tax code without collecting additional revenue. The organization said the figures make the case for using a corporate tax overhaul to generate more revenue.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.