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Some companies did not report data for all of the eight years between andeither because their initial public offering occurred after or because they were spun off of parent companies after Those people were begging: From toeffective industry tax rates for our corporations ranged from a low of 3.
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The corporate AMT unlike the much-maligned personal AMT was particularly designed to curb leasing tax shelters that had allowed corporations such as General Electric to avoid most or all of their regular tax liabilities. Ordinary taxpayers have a right to be suspicious and even outraged about a tax code that seems so tilted toward politically well-connected companies.
Ideally, this would include the disclosure of total revenues, profit, income tax paid, tax cash expense, stated capital, accumulated earnings, number of employees on a full-time basis, and book value of tangible assets on a country-by-country basis. It causes the exchange or movement of time, money, and other forms of capital.
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