April 23, 2014
April 22, 2014
| Fri Apr. 13, 2012 3:00 AM PDTBetween 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice. CTJ calculates that if the companies had paid the full 35 percent corporate tax rate, they would have put more than $78 billion into government coffers.
Here's a look at the 10 most profitable tax evaders and the politicians their CEOs, employees, and PACs give the most money to.
One Week After Abduction, More Than 200 Girls Still Missing in Nigeria
Borno state governor Kashim Shettima, centre, visits Chibok, Nigeria, were gunmen abducted more than 200 students. (AP / HARUNA UMAR)
One week after their abduction from their school, more than 200 girls are still missing in Nigeria, as anger and criticism grows over the military's failure to stave off attacks by Islamic extremists. The schoolgirls, aged between 16 and 18, were taken in the early hours of the morning last Tuesday from a remote boarding school in Chibok, northeast Nigeria, reportedly by the Islamist extremist group Boko Haram. The group's name translates into, "Western education is a sin," and it's thought that the girls will be used as sex slaves and cooks.
“It seems every time the military trumpets a success in its ‘onslaught on terrorists,’ the extremists step up the tempo and deadliness of attacks,” Faul and Umar write.Read more...