Green diary rescue: The 'Dirty Dozen' corporate tax dodgers

At Rainforest Action, Becky Tarbotton and Matt Leonard write Corporate Tax Dodgers: The Dirtiest Dozen:

Last month?s discovery that GE paid zero in taxes in 2010 has exploded across the news. But GE is not alone. Rainforest Action Network reviewed the top four banks, oil and coal companies in the country, and found that all of them are gaming the system. In fact, Bank of America, Citi, Massey Energy and Chevron have also all paid zero in federal income taxes this year or in year?s past.

We reviewed 12 of the dirtiest corporate tax dodgers: Bank of America, Citi, JPMorgan, Wells Fargo, Chevron, BP, Shell, Exxon, Massey Energy, Alpha Natural Resources, Peabody Energy and Arch Coal. These 12 banks, oil and coal companies are responsible for foreclosing on millions of people?s homes and polluting our air, water and climate. At the same time, we found that they pay next to nothing into a tax system that provides the very services that protect the homeless, the sick and our environment.

As the graphic below shows, banks, oil and coal companies are making billions in profits annually and paying much less than their fair share in taxes. In fact, the top four oil companies in the country made $1.26 trillion in gross revenues and paid a shocking 2.04% average tax rate. ...

We?re slashing billions from our budget, much of which will come out of social services and environmental protections, while allowing corporate giants to slip ever-increasing profits into offshore accounts. ...

^{(Click here to see this graphic full size.)}

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The Green Diary Rescue appears every Saturday. Inclusion of a particular diary does not necessarily indicate my agreement with it. The rescue begins below and continues in the jump.

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citisven gave us a view of a model community in German Town Shows How to Achieve Nuclear Free Future: "What I find so inspiring and eye-opening about Ms. Sladek's and Sch�nau's story is that it puts the kibosh on the conventional wisdom that we are trapped in a lesser of two evils choice between nuclear and fossil fuel power. When she and her community were having the same discussion we're having now about how to reduce their energy consumption and shift to clean energy 25 years ago, she realized that the people with the most say in our energy system have the least interest in changing the status quo: 'We wanted the energy companies to support us, but they said "No," because they wanted to sell energy, not save energy. So one day we had the idea to take over the grid."

Source: http://feeds.dailykos.com/~r/dailykos/index/~3/lzaeWm2NvxA/-Green-diary-rescue:-The-Dirty-Dozen-corporate-tax-dodgers

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