Corporation that Paid Nothing in Taxes for Four Years Tells Congress it Pays Too Much in Taxes



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Over a four years period from 2008 to 2011, Corning Inc. was one of 26 companies that managed to avoid paying any American income taxes, even though it earned nearly $3 billion during that time. In fact, according to Citizens For Tax Justice, the company received a $4 million refund from 2008 to 2010. That didn't stop Susan Ford, a senior executive at the company, from telling the House Ways and Means Committee this week that America's high corporate tax rate was putting her company at a disadvantage:

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http://www.nationofchange.org/corporation-paid-nothing-taxes-four-years-tells-congress-it-pays-too-much-taxes-1342878398