Tax Dodger…Verizon

This is the eighth in a series on corporate tax dodgers. These summaries are taken directly from the report on Corporate Tax Dodgers by Americans for Tax Fairness and the Institute for Policy Studies It is the same old story. Spend $15 million in a single year for lobbyists to convince legislators to pass laws allowing you to pay no taxes (from 2008 to 2012 Verizon actually had a negative 2.8 percent tax rate amounting to a $7.3 billion tax subsidy). Claim that low taxes create jobs and proceed to slash your workforce by 28,500 people. Drive America and her people into debt. Then have your multimillionaire CEO, Lowell McAdam, join “Fix the ...