Study Tallies Corporations Not Paying Income Tax - NYTimes.com

While it might be more of an accounting piece, it is still sort of interesting for corporate finance classes. And definitely draws into question using stated (as opposed to effective) tax rates for computing cost of capital etc.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,