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Some corporations DON'T pay taxes (Score:1)

by ajtaylor (1283) on 2002.02.25 16:33 (#5082) Homepage Journal

Due to lots of loopholes in the tax laws (like how they account for options), companies such as MS & Cisco haven't paid taxes in years. I know there are others, but those two come to mind first. A google search would probably find the article(s) I'm thinking about.
Particularly in MS' case, they have made huge profits (read billions in cash sitting in the bank) & are not paying a dime in taxes. You'd think all those money grubbing politicians would close these loopholes considering the sums they are missing out on spending on pork barrel projects. ;-)

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