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General Motors Company Message Board

  • low_mac low_mac Aug 13, 2014 7:17 AM Flag

    20 big profitable U.S. companies paid no taxes


    There are 20 companies in the Standard & Poor’s 500, including drugmaker Merck (MRK), computer storage company Seagate (STX) and automaker General Motors (GM), which reported effective tax rates of 0% or lower in the second calendar quarter despite reporting a profit during the period, according to a USA TODAY analysis of data from S&P Capital IQ. To be included, the companies also needed to report positive earnings before taxes including unusual items.

    An unpatriotic company.

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