Missing voice on corporate tax reform: Google and Corporations

The next time you hear some statesmen from the business community complaining that American companies can’t compete internationally because of our highest-in-the-world 35 percent corporate tax rate, think of Google.That’s Google, the company that last year had revenue of $24 billion, on which it earned $8.4 billion in pre-tax profit and recorded a federal tax liability of $1.5 billion. That works out to an effective federal tax rate of 18 percent, well within the range of “globally competitive.”

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