RBP
08-09-2013, 01:34 AM
25. Google
Google is under fire in the U.K. for paying just $9 million in taxes on $3.8 billion in revenues there. (Co-founder Sergey Brin)
Income tax expense: $2.6 billion
Net income: $10.7 billion
Effective tax rate: 19.4%
24. McDonald's
CEO Jeff Skinner has been outspoken about the need to cut U.S. corporate taxes.
Income tax expense: $2.6 billion
Net income: $5.5 billion
Effective tax rate: 32.4%
23. Home Depot
Home Depot has the highest tax rate of any non-oil company on this list.
Income tax expense: $2.7 billion
Net income: $4.5 billion
Effective tax rate: 37.2%
22. Coca-Cola Company
The Clintons enjoying a Russian Coke in 1995.
Income tax expense: $2.7 billion
Net income: $9 billion
Effective tax rate: 23.1%
21. Oracle
Larry Ellison plans a winter sailing base on his recently purchased Hawaiian island of Lanai.
Income tax expense: $2.9 billion
Net income: $10.6 billion
Effective tax rate: 21.4%
20. AT&T
AT&T CEO Randall Stephenson has spoken out in favor of higher income taxes.
Income tax expense: $2.9 billion
Net income: $7.3 billion
Effective tax rate: 27.8%
19. Walt Disney
Can you believe Darth Vader is a Disney character now? With George Lucas and CEO Bob Iger.
Income tax expense: $3 billion
Net income: $5.6 billion
Effective tax rate: 32.7%
18. UnitedHealth Group
Biggest health insurer is bracing for Obamacare, which will set profit margins.
Income tax expense: $3.1 billion
Net income: $5.5 billion
Effective tax rate: 35.9%
17. Occidental Petroleum
Though half the size of Intel, Oxy pays almost the same amount of taxes, due to high taxes on overseas oil.
Income tax expense: $3.1 billion
Net income: $4.6 billion
Effective tax rate: 42%
16. Intel
Intel is suing the IRS for $9 million in overpaid interest.
Income tax expense: $3.2 billion
Net income: $10.3 billion
Effective tax rate: 23.6%
15. Johnson & Johnson
Band-Aids, Listerine, Tylenol, Neutrogena, Rolaids, Visine, etc.
Income tax expense: $3.3 billion
Net income: $10.9 billion
Effective tax rate: 23.7%
14. Procter & Gamble
Tide, Gillette, Pampers, Duracell, Crest, Braun, Pantene, and on and on.
Income tax expense: $3.6 billion
Net income: $12.9 billion
Effective tax rate: 23.5%
13. Comcast
Not just the cable guys anymore, Comcast now owns NBCUniversal and Telemundo.
Income tax expense: $3.7 billion
Net income: $6.2 billion
Effective tax rate: 32%
12. Goldman Sachs
Goldman CEO Lloyd Blankfein last year: "I believe that tax increases, especially for the wealthiest, are appropriate."
Income tax expense: $3.7 billion
Net income: $7.6 billion
Effective tax rate: 33%
11. Philip Morris International
Philip Morris sells smokes outside the U.S. and is triple the size of sister company Altria.
Income tax expense: $3.8 billion
Net income: $8.8 billion
Effective tax rate: 29.5%
10. Microsoft
Microsoft saves on taxes by routing revenues through the likes of low-tax Ireland, Singapore and Puerto Rico.
Income tax expense: $4.6 billion
Net income: $15.5 billion
Effective tax rate: 22.8%
9. IBM
Big Blue has in recent years shifted tens of thousands of jobs from the U.S. to lower-cost (and lower-taxed) India.
Income tax expense: $5.3 billion
Net income: $16.6 billion
Effective tax rate: 24%
8. Berkshire Hathaway
Still complaining about paying a lower tax rate than his secretary, Buffett could just do us all a favor and pay double to the U.S. Treasury.
Income tax expense: $6.9 billion
Net income: $14.8 billion
Effective tax rate: 28%
7. ConocoPhillips
Conoco paid the highest effective tax rate of any company on the list.
Income tax expense: $7.9 billion
Net income: $8.4 billion
Effective tax rate: 51.5%
6. Walmart
Founder Sam Walton's children stand in front of a picture of the storefront that became the first Walmart.
Income tax expense: $8 billion
Net income: $17 billion
Effective tax rate: 31%
5. JPMorgan Chase
CEO Jamie Dimon arrives for a Senate grilling last year on how Chase lost $2 billion on oversized trades.
Income tax expense: $8.1 billion
Net income: $22.9 billion
Effective tax rate: 26%
4. Wells Fargo
A consolation for Wells Fargo CEO John Stumpf: you can't pay big taxes without big profits.
Income tax expense: $9.2 billion
Net income: $19.8 billion
Effective tax rate: 31.2%
3. Apple
Income tax expense: $14.2 billion
Net income: $41.7 billion
Effective tax rate: 25%
2. Chevron
The oil giant pay among the highest tax rates because of overseas royalties that float with the price of oil.
Income tax expense: $20 billion
Net income: $26 billion
Effective tax rate: 43%
1. ExxonMobil
Good thing Exxon has a few bucks left over to build out this Energy Center at its new complex in The Woodlands, Texas.
Income tax expense: $31 billion
Net income: $45 billion
Effective tax rate: 39%
Article: http://www.forbes.com/sites/christopherhelman/2013/04/23/which-corporations-pay-the-most-taxes/
Google is under fire in the U.K. for paying just $9 million in taxes on $3.8 billion in revenues there. (Co-founder Sergey Brin)
Income tax expense: $2.6 billion
Net income: $10.7 billion
Effective tax rate: 19.4%
24. McDonald's
CEO Jeff Skinner has been outspoken about the need to cut U.S. corporate taxes.
Income tax expense: $2.6 billion
Net income: $5.5 billion
Effective tax rate: 32.4%
23. Home Depot
Home Depot has the highest tax rate of any non-oil company on this list.
Income tax expense: $2.7 billion
Net income: $4.5 billion
Effective tax rate: 37.2%
22. Coca-Cola Company
The Clintons enjoying a Russian Coke in 1995.
Income tax expense: $2.7 billion
Net income: $9 billion
Effective tax rate: 23.1%
21. Oracle
Larry Ellison plans a winter sailing base on his recently purchased Hawaiian island of Lanai.
Income tax expense: $2.9 billion
Net income: $10.6 billion
Effective tax rate: 21.4%
20. AT&T
AT&T CEO Randall Stephenson has spoken out in favor of higher income taxes.
Income tax expense: $2.9 billion
Net income: $7.3 billion
Effective tax rate: 27.8%
19. Walt Disney
Can you believe Darth Vader is a Disney character now? With George Lucas and CEO Bob Iger.
Income tax expense: $3 billion
Net income: $5.6 billion
Effective tax rate: 32.7%
18. UnitedHealth Group
Biggest health insurer is bracing for Obamacare, which will set profit margins.
Income tax expense: $3.1 billion
Net income: $5.5 billion
Effective tax rate: 35.9%
17. Occidental Petroleum
Though half the size of Intel, Oxy pays almost the same amount of taxes, due to high taxes on overseas oil.
Income tax expense: $3.1 billion
Net income: $4.6 billion
Effective tax rate: 42%
16. Intel
Intel is suing the IRS for $9 million in overpaid interest.
Income tax expense: $3.2 billion
Net income: $10.3 billion
Effective tax rate: 23.6%
15. Johnson & Johnson
Band-Aids, Listerine, Tylenol, Neutrogena, Rolaids, Visine, etc.
Income tax expense: $3.3 billion
Net income: $10.9 billion
Effective tax rate: 23.7%
14. Procter & Gamble
Tide, Gillette, Pampers, Duracell, Crest, Braun, Pantene, and on and on.
Income tax expense: $3.6 billion
Net income: $12.9 billion
Effective tax rate: 23.5%
13. Comcast
Not just the cable guys anymore, Comcast now owns NBCUniversal and Telemundo.
Income tax expense: $3.7 billion
Net income: $6.2 billion
Effective tax rate: 32%
12. Goldman Sachs
Goldman CEO Lloyd Blankfein last year: "I believe that tax increases, especially for the wealthiest, are appropriate."
Income tax expense: $3.7 billion
Net income: $7.6 billion
Effective tax rate: 33%
11. Philip Morris International
Philip Morris sells smokes outside the U.S. and is triple the size of sister company Altria.
Income tax expense: $3.8 billion
Net income: $8.8 billion
Effective tax rate: 29.5%
10. Microsoft
Microsoft saves on taxes by routing revenues through the likes of low-tax Ireland, Singapore and Puerto Rico.
Income tax expense: $4.6 billion
Net income: $15.5 billion
Effective tax rate: 22.8%
9. IBM
Big Blue has in recent years shifted tens of thousands of jobs from the U.S. to lower-cost (and lower-taxed) India.
Income tax expense: $5.3 billion
Net income: $16.6 billion
Effective tax rate: 24%
8. Berkshire Hathaway
Still complaining about paying a lower tax rate than his secretary, Buffett could just do us all a favor and pay double to the U.S. Treasury.
Income tax expense: $6.9 billion
Net income: $14.8 billion
Effective tax rate: 28%
7. ConocoPhillips
Conoco paid the highest effective tax rate of any company on the list.
Income tax expense: $7.9 billion
Net income: $8.4 billion
Effective tax rate: 51.5%
6. Walmart
Founder Sam Walton's children stand in front of a picture of the storefront that became the first Walmart.
Income tax expense: $8 billion
Net income: $17 billion
Effective tax rate: 31%
5. JPMorgan Chase
CEO Jamie Dimon arrives for a Senate grilling last year on how Chase lost $2 billion on oversized trades.
Income tax expense: $8.1 billion
Net income: $22.9 billion
Effective tax rate: 26%
4. Wells Fargo
A consolation for Wells Fargo CEO John Stumpf: you can't pay big taxes without big profits.
Income tax expense: $9.2 billion
Net income: $19.8 billion
Effective tax rate: 31.2%
3. Apple
Income tax expense: $14.2 billion
Net income: $41.7 billion
Effective tax rate: 25%
2. Chevron
The oil giant pay among the highest tax rates because of overseas royalties that float with the price of oil.
Income tax expense: $20 billion
Net income: $26 billion
Effective tax rate: 43%
1. ExxonMobil
Good thing Exxon has a few bucks left over to build out this Energy Center at its new complex in The Woodlands, Texas.
Income tax expense: $31 billion
Net income: $45 billion
Effective tax rate: 39%
Article: http://www.forbes.com/sites/christopherhelman/2013/04/23/which-corporations-pay-the-most-taxes/