Study says US companies don't pay their share

Republicans say corps should pay less taxes but study finds that 30 US corporations paid no taxes in last three years.

    A new study by the advocacy group, Citizens for Tax Justice finds that in the last three years, over 20 of the United States' largest corporations paid little or no taxes.

    The findings come as Republican presidential candidates argue that corporations should be paying less taxes in order to stimulate the lagging US economy. Of the 280 most profitable companies in the study, 30 paid no taxes in the last three years, this despite the US having one of the world's highest corporate tax rates.

    Al Jazeera's Scott Heidler reports from New York.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    We visualised 1.2 million votes at the UN since 1946. What do you think are the biggest issues facing the world today?

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.