Slain photographer Nob Hill then and now
Twist in prosecuting his murder It’s quiet up there for a reason
image Ron Russell Editor’s blog

| ,

Report: Wells Fargo, PG&E not paying federal taxes

Friday, November 4, 2011

imageA Wells Fargo spokesman says a report by Citizens for Tax Justice and the nonpartisan Institute on Taxation and Economic Policy that shows the bank paid no federal income tax the last three years despite profits of $48 billion “takes data out of context to advance an agenda.”

Add: Wells and PG&E are among 30 U. S. public companies who beat the tax man for the last three years. And the report shows a number of other Bay Area companies appear to have paid well below the ostensible 35 percent corporate tax rate, the Chronicle’s Andrew S. Ross says. Among them: Hewlett-Packard, Yahoo and Levi-Strauss.
New at Bay Area Observer:

Follow on Twitter

Copyright 2013 Bay Area Observer. Blogger Templates created by Deluxe Templates. WP by Masterplan