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Pay Up Now
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April 30,
2012 Article: Five Tax Fallacies Invented by the 1%
2008-2012 Tax Data, 40 Companies
Pay Up Now is
an online effort by US Uncut Chicago members to boycott corporations that pay
little or no federal income tax.
Choose a company, note the products or
services you need to avoid, and click 'Send Message' to tell them to PAY UP
NOW.
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Company |
Tax Avoidance Information (see References here) |
Products |
Contact Them |
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General Electric
(GE) |
General Electric made $44 billion from 2008 to 2010, but received over $4 billion in tax rebates! (Listen to more...) |
Appliances, Energy, Finance, Weapons |
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Bank of America
(BAC) |
Forbes asked in 2010: "How did Bank of America not pay any taxes on $4.4 billion in income?" Bloomberg explains: its financial statements were “delusional” (Listen to more…) |
5,900 locations |
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Exxon Mobil (XOM) |
Oil giant Exxon made $34 billion of net income in 2009, but paid no income taxes in the United States…(Listen to more) |
28,000 gas stations in 100 countries |
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Citigroup (C) |
Citigroup had 4 quarters of billion-dollar profits in 2010, but paid no taxes...(Listen to more) |
200 million customer accounts |
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Wells Fargo (WFC) |
Wells Fargo purchased Wachovia and claimed a $19 billion tax credit, despite a record net income of $12.3 billion…(Listen to more) |
6,600 bank branches |
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Hewlett-Packard
(HPQ) |
HP's U.S. income tax rate was 4.3% in 2008 and 2.3% in 2009… |
PCs, printers, networks |
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Verizon (VZ) |
Verizon's 10.5% tax rate is "due to its...venture with Vodafone." Vodaphone has been the primary target in UK Uncut's protests…(Listen to more) |
wireless telephone |
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Chevron (CVX) |
Of this year's taxes, just $200 million were paid in the U.S." That's a 1% tax rate…(Listen to more) |
9,600 gas stations (Chevron and Texaco) |
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Boeing (BA) |
Boeing paid no U.S. taxes on over $4 billion of income in 2010. In fact, they got $124 million back from the taxpayers…(Listen to more) |
commercial jets and defense equipment |
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AIG (AIG) |
AIG helped individuals trying to shelter hundreds of millions of dollars in profits from federal taxes…(Listen to more) |
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Carnival (CCL) |
Carnival Cruise Lines paid 1% in taxes on its $11.5 billion profit… |
cruises |
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Koch Industries
(private) |
The government subsidies and tax-free benefits that accrue to the "libertarian" Koch brothers have been well documented…(Listen to more) |
Brawny, Dixie, Northern, Stainmaster, Angel Soft, Mardi Gras, Vanity Fair, Georgia-Pacific |
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Newscorp (NWS) |
With 782 tax havens, Newscorp paid "astoundingly low taxes"… |
Fox News, Wall Street Journal, HarperCollins Publishing |
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Google (GOOG) |
Google cut taxes by $3.1 billion by moving profits through Ireland to Bermuda...(Listen to more) |
search engine, gmail, youtube, various apps |
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Merck (MRK) |
Merck brought more than $9 billion from abroad without paying any U.S. tax… |
pharmaceuticals, Dr. Scholl, Claritin |
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Pfizer (PFE) |
Pfizer imported more than $30 billion from offshore, erasing a $10 billion tax hit…(Listen to more) |
pharmaceuticals, Lipitor, Celebrex, Lyrica, Prevnar, Norvasc, Viagra |