Dear Commons Community,
The report by the New York Times that appeared yesterday has generated an avalanche of commentary in the media. MSNBC, CNN, and FOX News devoted substantial air time to the story. On MSNBC the discussion included reference to the fact that Apple is not the only company that avoid paying taxes by establishing offices in other countries. Earlier this year, it was reported on this blog the top companies that engaged in similar activities in 2010. Compiled by Alternet and MSNBC, the list of the top eleven companies were as follows:
General Electric gets special mention because it paid no federal taxes last year. The other top ten are:
- News Corp. (Fox News, Bill O’Reilly, Sean Hannity, Rupert Murdoch and Company)
- Altria (Philip Morris)
- Morgan Stanley
Aren’t we lucky that these companies then set up foundations to make them appear as generous donors to cultural, education, and research organizations.