1.0CLP Bloghttps://clpblog.citizen.orgBrian Wolfmanrich600338<blockquote class="wp-embedded-content" data-secret="5F5OukDBPT"><a href="https://clpblog.citizen.org/large-multinational-corporations-pay-far-less-in-us-corporate-income-tax-than-they-used-to/">Large multinational corporations pay far less in U.S. corporate income tax than they used to</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/large-multinational-corporations-pay-far-less-in-us-corporate-income-tax-than-they-used-to/embed/#?secret=5F5OukDBPT" width="600" height="338" title="“Large multinational corporations pay far less in U.S. corporate income tax than they used to” — CLP Blog" data-secret="5F5OukDBPT" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> This analysis by Jia Yang explains that large U.S. companies with operations abroad pay far less in U.S. corporate income taxes than they used to. For instance, Yang writes, in 1969, corporate giant Procter and Gamble (based in Cincinnati) paid 40% of its total profits in U.S. corporate income taxes, while today it pays about [...]