Google's U.S. federal tax liability of 18%. GE's low tax rate.

10/28/2010

The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.

Grouped Articles

Apple Avoided Taxes on Overseas Billions, Senate Panel Finds

Wall Street Journal 05/21/13

Danny Yadron, Danny, Yadron, Kate Linebaugh, Kate, Linebaugh, Jessica E. Lessin, Jessica, E., Lessin

Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

New York Times 05/20/13

Nelson D. Schwartz, Nelson, D., Schwartz, Charles Duhigg, Charles, Duhigg

Apple CEO Tim Cook, Lawmakers Square Off Over Taxes

Wall Street Journal 05/22/13

Janet Hook, Janet, Hook, Danny Yadron, Danny, Yadron

Europe Tackles Tax Evasion

Wall Street Journal 05/22/13

Gabriele Steinhauser, Gabriele, Steinhauser, Sam Schechner, Sam, Schechner

Ireland Defends Tax Laws to Critics at Home and Abroad

New York Times 05/21/13

Landon Thomas Jr., Landon, Thomas, Jr., Eric Pfanner, Eric, Pfanner

The Corrosive Effect of Apple’s Tax Avoidance

New York Times 05/23/13

Floyd Norris, Floyd, Norris