Exxon paid no US taxes?

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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?

uglyvan
Joined:
Jul. 31, 2007 4:01 pm

Comments

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

Kingaroo's picture
Kingaroo
Joined:
Jul. 31, 2007 4:01 pm

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.

rickg's picture
rickg
Joined:
Jul. 31, 2007 4:01 pm

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's picture
bufffalo1
Joined:
Apr. 1, 2010 7:49 am

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

bufffalo1's picture
bufffalo1
Joined:
Apr. 1, 2010 7:49 am
Quote bufffalo1:

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.

PeeWee Returns's picture
PeeWee Returns
Joined:
Jul. 31, 2007 4:01 pm

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

shalwechat's picture
shalwechat
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Jul. 31, 2007 4:01 pm

Thanks for that good, reputable link, buffalo

uglyvan
Joined:
Jul. 31, 2007 4:01 pm

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

Robert White's picture
Robert White
Joined:
Jul. 31, 2007 4:01 pm

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