Benjamin Franklin said death and taxes are the only two things certain in life, but some megacorps have escaped the taxes completely. According to a USA TODAY analysis of data from S&P Global Market Intelligence, there are 27 companies in S&P 500 that paid no income tax in 2015 despite having profits for the year. These big corporations include General Motors and United Continental. While you might pay dearly in taxes, there are certain loop holes for major companies to take advantage such as lower oversea tax rates. Even if the megacorps show profits, they can avoid tax completely for the year when they use tax credit after years of previous losses. (usatoday.com)
27 Giant Profitable Companies Paid Less Taxes Than You
