Study Tallies Corporations Not Paying Income Tax - NYTimes.com: "Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress."
In the article (which is not the best), transfer prices are brought up. And since that is always a topic in class, the following is worth noting:
"...the G.A.O. said that it did not have enough data to address the role of what some policy experts say is a crucial factor in profits sent overseas.
That factor, known as transfer pricing, involves corporations’ charging their overseas subsidiaries lower prices for goods and services, a common move that lowers a corporation’s tax bill. A number of corporations are in transfer-pricing disputes with the Internal Revenue Service."
While this is interesting, I would much rather see how much they paid. For instance the article said that larger firms were more apt to pay taxes, but does not say if that is 1% or 34% etc. But in spite of the problems it is still worth reading and shows that the money paid to accountants and tax lawyers is not for nothing.