Exxon paid no US taxes?

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uglyvan

Thom has said several times on his TV show that Exxon/Mobil pays no corporate income taxes in the US buy shifting its profits to foreign subsideries. My "rule of thumb" is to verifty any such assumption before accepting it, but this assertion cannot be verified by me. Do anyone here know of a reputable source I could use to verify this assertion?

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Kingaroo
Kingaroo's picture
http://motherjones.com/mojo/2

http://motherjones.com/mojo/2010/04/exxon-mobil-paid-zero-income-tax-off...

 

rickg
rickg's picture
http://www.americanprogress.o

http://www.americanprogress.org/issues/2010/04/oil_subsidies.html

This link also reports that Exxon paid no income taxes in 2009 yet received government subsidies.

bufffalo1
bufffalo1's picture
Some, like GE, even get huge

Some, like GE, even get huge refunds or credits.  Try this on for size!!!

http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html

bufffalo1
bufffalo1's picture
This article pretty much

This article pretty much explains things.

http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/3303-ron-paul-obama-is-another-corporatist-not-a-socialist

PeeWee Returns
PeeWee Returns's picture
bufffalo1 wrote: Some, like

bufffalo1 wrote:

Some, like GE, even get huge refunds or credits.  Try this on for size!!!

http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html

GE's broadcast arm owns NBC and MSNBC.  I wonder if Olbermann raised hell about his.

shalwechat
shalwechat's picture
Probably not...NBC and MSNBC

Probably not...NBC and MSNBC use the same model that fox news uses, just they cater to a left leaning audience.

uglyvan
Thanks for that good,

Thanks for that good, reputable link, buffalo

Robert White
Robert White's picture
And so many on the right

And so many on the right refer to the working poor as the "Moocher Class".