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		The Top 7 Corporate Tax Evaders March 14 
		2011   Want 
		to hear something worth having a tea party about? Some of the largest US 
		corporations have mastered the art of evading taxes by booking expenses 
		in the US and profits in low-tax countries. As companies send off their 
		corporate tax filings on the March 15th filing deadline, think about the 
		multi-billion dollar corporations which
		
		Forbes reports had lower tax rates than 
		you did: 
		 7) Hewlett-Packard Hewlett-Packard (NYSE:HPQ) 
		earned pretax income of $9.4 billion, but managed to keep their tax rate 
		the same as someone earning less than $33,950 a year. Their trickery? 
		Book profits at lower-tax foreign subsidiaries. 
		 6) Verizon Verizon (NYSE:VZ) 
		has a lovely 10.5% tax rate. That’s better than a long term capital 
		gain. Although Verizon earned $11.6 billion in pretax income, they have 
		diverted much of their income through foreign wireless partner Vodafone. 
		 5) Chevron Chevron (NYSE:CVX) 
		paid $8 billion in taxes on $18.5 billion in pretax income. So why did 
		they make the list? Chevron only sent Uncle Sam a check for $200 
		million. The rest was paid abroad in lower-tax countries. I think they 
		should change their logo colors from red, white and blue to something 
		more representative of the Caymans.   
 4) Ford Motors We all know Ford (NYSE:F) 
		and other car makers have been skidding since the recession began. The 
		struggling car maker still managed to earn $3 billion in pretax income. 
		The beauty? Ford only plunked down $69 million in taxes — a 2.3% tax 
		rate. Not bad considering all the 
		other subsidies, bailouts, and cash for clunkers we’ve already given as 
		gifts to one of the oldest car manufacturers in the world. 
		 3) ExxonMobil ExxonMobile (NYSE:XOM) 
		did pay $17.6 billion in taxes on $37.3 billion in pretax income. 
		However, unlike Chevron, none of Exxon’s taxes were paid in the 
		US. That’s funny … I think they sell a fair amount of profitable 
		gasoline here. 
		 2) Bank of America Bank of America (NYSE:BAC) 
		earned pretax income of $4.4 billion in 2009, yet the financial services 
		super market tallied up a $1.9 billion tax benefit. How could such a travesty 
		occur? Bank of America scoured the tax code for deductions like $860 
		million in tax-exempt income, $670 million in low-income housing 
		credits, and a $600 million loss on shares of foreign subsidiaries. Making matters worse for the 
		US Treasury, Bank of America has a provision for credit losses of $49 
		billion which will carry over for a long, long time. 
		 1) General Electric Like those who received an 
		Earned Income Credit (EIC), General Electric (NYSE:GE) 
		actually made money on their tax filing this year! Although the 
		industrial behemoth generated $10.3 billion in pretax income, they 
		recorded a tax benefit of $1.1 billion. Don’t we all wish we could 
		be in that bracket. But big tax breaks are 
		nothing new for the 12th largest company in the world. In 2008, GE’s 
		effective tax rate was 5.3% versus the marginal US corporate rate of 
		35%. In 2007, it was 15%. You’d think GE would at least pay a little 
		more for paper and administration costs considering their tax filing to 
		the IRS is an astounding 24,000 pages when printed out. 
		___________________________________________ 
		
		The Top Ten Highest Paid CEOs 
		
		
		Chief 
		Executive Officers are often criticized for the extravagant salaries.
		 
		A Chief 
		Executive Officer (CEO) is the operating head of a company, firm or 
		organization. These high-ranking corporate leaders are the people who 
		are ultimately responsible for the success or failure of their 
		organizations. This is great responsibility which is often rewarded with 
		a large compensation package. Executive compensation during the 
		recession of 2007 to 2009 was a point of contention, with many, 
		including the AFL-CIO, contending that these 
		
		
		
		business 
		leaders are paid too much during a time of economic malaise. The top ten 
		highest paid CEOs of 2009 is an eclectic group of business leaders from 
		a variety of industries that have succeeded in making massive sums of 
		money. 
		1. One 
		and Two 
		o        The 
		highest paid CEO in 2009 (the most recent completed year) was
		Larry Ellison, CEO at software 
		behemoth 
		Oracle. 
		Mr. Ellison had a total compensation package in 2009 of $84.5 million, 
		well ahead of any other CEO on the list. The majority of his pay came 
		from stock and options rather than cash ($78.4 million in stock and 
		options versus $6.1 million in cash). 
		
		Ray Elliot, 
		CEO of medical supplies company 
		
		Boston Scientific, 
		was the second highest paid CEO in 2009. Mr. Elliot had a total 
		compensation package of $33.4 million, most of which was paid in stock 
		and options rather than cash ($29.4 million in stock and options versus 
		$4.0 million in cash). 
		2.  Three 
		and Four 
		o       The 
		third highest paid CEO in 2009 was 
		Ray 
		Irani, 
		CEO at petroleum giant 
		Occidental Petroleum. 
		Mr. Irani had a total compensation package in 2009 of $31.4 million. The 
		majority of his pay came from stock and options rather than cash ($24.8 
		million in stock and options versus $6.6 million in cash). 
		
		Mark Hurd, 
		CEO of 
		
		
		
		computer 
		manufacturer 
		Hewlett Packard, 
		was the fourth highest paid CEO in 2009. Mr. Hurd had a total 
		compensation package of $33.4 million, most of which was paid in cash 
		rather than stock and options ($17.6 million in cash versus $6.6 million 
		in stock and options). (See References 2) 
		3. Five 
		and Six 
		o        The 
		fifth highest paid CEO in 2009 was 
		James 
		Hackett, 
		CEO at petroleum firm 
		
		Anadarko Petroleum. 
		Mr. Hackett had a total compensation package in 2009 of $23.5 million. 
		The majority of his pay came from stock and options rather than cash 
		($17.4 million in stock and options versus $6.1 million in cash). 
		
		A.G. Lafley, 
		CEO of home products manufacturer 
		Procter 
		& Gamble, 
		was the sixth highest paid CEO in 2009. Mr. Lafley had a total 
		compensation package of $23.5 million, most of which was paid in stock 
		and options rather than cash ($17.9 million in cash versus $5.6 million 
		in stock and options). (See References 2) 
		4.    Seven 
		and Eight 
		o     The 
		seventh highest paid CEO in 2009 was 
		William 
		Weldon, 
		CEO at 
		
		
		
		personal care 
		products company 
		Johnson & Johnson. 
		Mr. Weldon had a total compensation package in 2009 of $22.8 million. 
		The majority of his pay came from cash rather than stock and options 
		($14.8 million in cash versus $8.0 million in stock and options). Mr. 
		Weldon was the highest cash-compensated CEO in the top ten highest paid 
		CEOs of 2009. 
		Miles White, 
		CEO of medical researcher 
		Abbot 
		Laboratories, 
		was the eighth highest paid CEO in 2009. Mr. White had a total 
		compensation package of $21.9 million, most of which was paid in stock 
		and options rather than cash ($15.4 million in stock and options versus 
		$6.5 million in cash). 
		5.    Nine 
		and Ten 
		o     The 
		ninth highest paid CEO in 2009 was 
		Bob 
		Iger, 
		CEO at entertainment company 
		Walt 
		Disney. 
		Mr. Iger had a total compensation package in 2009 of $21.6 million. The 
		majority of his pay came from cash rather than stock and options ($12.0 
		million in cash versus $9.6 million in stock and options). 
		
		Samuel Palmisano, 
		CEO of computer products firm 
		IBM, 
		was the tenth highest paid CEO in 2009. Mr. Palmisano had a total 
		compensation package of $21.2 million, most of which was paid in stock 
		and options rather than cash ($13.5 million in stock and options versus 
		$7.6 million in cash). 
		  
  | CNN's List 
		of Confirmed Corporate Outsourcers 
		3Com3M
 AAalfs Manufacturing
 Aavid Thermal Technologies
 ABC-NACO
 Accenture
 Access Electronics
 Accuride Corporation
 Accuride International
 Adaptec
 ADC
 Adobe Systems
 Advanced Energy Industries
 Aetna
 Affiliated Computer Services
 AFS Technologies
 A.G. Edwards
 Agere Systems
 Agilent Technologies
 AIG
 Alamo Rent A Car
 Albany International Corp.
 Albertson's
 Alcoa
 Alcoa Fujikura
 Allen Systems Group
 Alliance Semiconductor
 Allstate
 Alpha Thought Global
 Altria Group
 Amazon.com
 AMD
 Americ Disc
 American Dawn
 American Express
 American Greetings
 American Household
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 American Standard
 American Uniform Company
 AMETEK
 AMI DODUCO
 Amloid Corporation
 Amphenol Corporation
 Analog Devices
 Anchor Glass Container
 ANDA Networks
 Anderson Electrical Products
 Andrew Corporation
 Anheuser-Busch
 Angelica Corporation
 Ansell Health Care
 Ansell Protective Products
 Anvil Knitwear
 AOL
 A.O. Smith
 Apple
 Applied Materials
 Ark-Les Corporation
 Arlee Home Fashions
 Art Leather Manufacturing
 Artex International
 ArvinMeritor
 Asco Power Technologies
 Ashland
 AstenJohnson
 Asyst Technologies
 Atchison Products, Inc.
 A.T. Cross Company
 AT&T
 AT&T Wireless
 A.T. Kearney
 Augusta Sportswear
 Authentic Fitness Corporation
 Automatic Data Processing
 Avanade
 Avanex
 Avaya
 Avery Dennison
 Azima Healthcare Services
 Axiohm Transaction Solutions
 BBank of America
 Bank of New York
 Bank One
 Bard Access Systems
 Barnes Group
 Barth & Dreyfuss of California
 Bassett Furniture
 Bassler Electric Company
 BBi Enterprises L.P.
 Beacon Blankets
 BearingPoint
 Bear Stearns
 BEA Systems
 Bechtel
 Becton Dickinson
 BellSouth
 Bentley Systems
 Berdon LLP
 Berne Apparel
 Bernhardt Furniture
 Best Buy
 Bestt Liebco Corporation
 Beverly Enterprises
 Birdair, Inc.
 BISSELL
 Black & Decker
 Blauer Manufacturing
 Blue Cast Denim
 Bobs Candies
 Borden Chemical
 Bourns
 Bose Corporation
 Bowater
 BMC Software
 Boeing
 Braden Manufacturing
 Briggs Industries
 Brady Corporation
 Bristol-Myers Squibb
 Bristol Tank & Welding Co.
 Brocade
 Brooks Automation
 Brown Wooten Mills Inc.
 Buck Forkardt, Inc.
 Bumble Bee
 Burle Industries
 Burlington House Home Fashions
 Burlington Northern and Santa Fe Railway
 CCadence Design Systems
 Camfil Farr
 Candle Corporation
 Cains Pickles
 Capital One
 Cardinal Brands
 Carrier
 Carter's
 Caterpillar
 C-COR.net
 C&D Technologies
 Cellpoint Systems
 Cendant
 Centis, Inc.
 Cerner Corporation
 Charles Schwab
 ChevronTexaco
 The Cherry Corporation
 CIBER
 Ciena
 Cigna
 Circuit City
 Cirrus Logic
 Cisco Systems
 Citigroup
 Clear Pine Mouldings
 Clorox
 CNA
 Coastcast Corp.
 Coca-Cola
 Cognizant Technology Solutions
 Collins & Aikman
 Collis, Inc.
 Columbia House
 Comcast Holdings
 Comdial Corporation
 Computer Associates
 Computer Horizons
 Computer Sciences Corporation
 CompuServe
 Concise Fabricators
 Conectl Corporation
 Conseco
 Consolidated Metro
 Continental Airlines
 Convergys
 Cooper Crouse-Hinds
 Cooper Tire & Rubber
 Cooper Tools
 Cooper Wiring Devices
 Copperweld
 Cordis Corporation
 Corning
 Corning Cable Systems
 Corning Frequency Control
 Countrywide Financial
 COVAD Communications
 Covansys
 Creo Americas
 Cross Creek Apparel
 Crouzet Corporation
 Crown Holdings
 CSX
 Cummins
 Cutler-Hammer
 Cypress Semiconductor
 DDana Corporation
 Daniel Woodhead
 Davis Wire Corp.
 Daws Manufacturing
 Dayton Superior
 DeCrane Aircraft
 Delco Remy
 Dell Computer
 DeLong Sportswear
 Delphi
 Delta Air Lines
 Delta Apparel
 Direct TV
 Discover
 DJ Orthopedics
 Document Sciences Corporation
 Dometic Corp.
 Donaldson Company
 Douglas Furniture of California
 Dow Chemical
 Dresser
 Dun & Bradstreet
 DuPont
 EEarthlink
 Eastman Kodak
 Eaton Corporation
 Edco, Inc.
 Editorial America
 eFunds
 Edscha
 Ehlert Tool Company
 Elbeco Inc.
 Electroglas
 Electronic Data Systems
 Electronics for Imaging
 Electro Technology
 Eli Lilly
 Elmer's Products
 E-Loan
 EMC
 Emerson Electric
 Emerson Power Transmission
 Emglo Products
 Engel Machinery
 En Pointe Technologies
 Equifax
 Ernst & Young
 Essilor of America
 Ethan Allen
 Evenflo
 Evergreen Wholesale Florist
 Evolving Systems
 Evy of California
 Expedia
 Extrasport
 ExxonMobil
 FFairfield Manufacturing
 Fair Isaac
 Fansteel Inc.
 Farley's & Sathers Candy Co.
 Fasco Industries
 Fawn Industries
 Fayette Cotton Mill
 FCI USA
 Fedders Corporation
 Federal Mogul
 Federated Department Stores
 Fellowes
 Fender Musical Instruments
 Fidelity Investments
 Financial Techologies International
 Findlay Industries
 First American Title Insurance
 First Data
 First Index
 Fisher Hamilton
 Flowserve
 Fluor
 FMC Corporation
 Fontaine International
 Ford Motor
 Foster Wheeler
 Franklin Mint
 Franklin Templeton
 Freeborders
 Frito Lay
 Fruit of the Loom
 GGaran Manufacturing
 Gateway
 GE Capital
 GE Medical Systems
 Gemtron Corporation
 General Binding Corporation
 General Cable Corp.
 General Electric
 General Motors
 Generation 2 Worldwide
 Genesco
 Georgia-Pacific
 Gerber Childrenswear
 GlobespanVirata
 Goldman Sachs
 Gold Toe Brands
 Goodrich
 Goodyear Tire & Rubber
 Google
 Graphic Controls
 Greenpoint Mortgage
 Greenwood Mills
 Grote Industries
 Grove U.S. LLC
 Guardian Life Insurance
 Guilford Mills
 Gulfstream Aerospace Corp.
 HHaggar
 Halliburton
 Hamilton Beach/Procter-Silex
 The Hartford Financial Services Group
 Harper-Wyman Company
 Hasbro Manufacturing Services
 Hawk Corporation
 Hawker Power Systems, Inc.
 Haworth
 Headstrong
 HealthAxis
 Hedstrom
 Hein-Werner Corp.
 Helen of Troy
 Helsapenn Inc.
 Hershey
 Hewitt Associates
 Hewlett-Packard
 Hoffman Enclosures, Inc.
 Hoffman/New Yorker
 The Holmes Group
 Home Depot
 Honeywell
 HSN
 Hubbell Inc.
 Humana
 Hunter Sadler
 Hutchinson Sealing Systems, Inc
 HyperTech Solutions
 IIBM
 iGate Corporation
 Illinois Tool Works
 IMI Cornelius
 Imperial Home Decor Group
 Indiana Knitwear Corp.
 IndyMac Bancorp
 Infogain
 Ingersoll-Rand
 Innodata Isogen
 Innova Solutions
 Insilco Technologies
 Intel
 InterMetro Industries
 International Paper
 Interroll Corporation
 Intuit
 Invacare
 Iris Graphics, Inc.
 Isola Laminate Systems
 Iteris Holdings, Inc.
 ITT Educational Services
 ITT Industries
 JJabil Circuit
 Jacobs Engineering
 Jacuzzi
 Jakel, Inc.
 JanSport
 Jantzen Inc.
 JDS Uniphase
 Jockey International
 John Crane
 John Deere
 Johns Manville
 Johnson Controls
 Johnson & Johnson
 JPMorgan Chase
 J.R. Simplot
 Juniper Networks
 Justin Brands
 KKANA Software
 Kaiser Permanente
 Kanbay
 Kayby Mills of North Carolina
 Keane
 Kellogg
 Kellwood
 KEMET
 KEMET Electronics
 Kendall Healthcare
 Kenexa
 Kentucky Apparel
 Kerr-McGee Chemical
 KeyCorp
 Key Industries
 Key Safety Systems
 Key Tronic Corp.
 Kimberly-Clark
 KLA-Tencor
 Knight Textile Corp.
 Kojo Worldwide Corporation
 Kraft Foods
 K2 Inc.
 Kulicke and Soffa Industries
 Kwikset
 LLancer Partnership
 Lander Company
 LaCrosse Footwear
 Lamb Technicon
 Lau Industries
 Lands' End
 Lawson Software
 Layne Christensen
 Leach International
 Lear Corporation
 Leech Tool & Die Works
 Lehman Brothers
 Leoni Wiring Systems
 Levi Strauss
 Leviton Manufacturing Co.
 Lexmark International
 Lexstar Technologies
 Liebert Corporation
 Lifescan
 Lillian Vernon
 Linksys
 Linq Industrial Fabrics, Inc.
 Lionbridge Technologies
 Lionel
 Littelfuse
 LiveBridge
 LNP Engineering Plastics
 Lockheed Martin
 Longaberger
 Louisiana-Pacific Corporation
 Louisville Ladder Group LLC
 Lowe's
 Lucent
 Lund International
 Lyall Alabama
 MMadill Corporation
 Magma Design Automation
 Magnequench
 Magnetek
 Maidenform
 Mallinckrodt, Inc.
 The Manitowoc Company
 Manugistics
 Marathon Oil
 Maritz
 Mars
 Marshall Fields
 Mattel
 Master Lock
 Materials Processing, Inc.
 Maxim Integrated Products
 Maxi Switch
 Maxxim Medical
 Maytag
 McDATA Corporation
 McKinsey & Company
 MeadWestvaco
 Mediacopy
 Medtronic
 Mellon Bank
 Mentor Graphics Corp.
 Meridian Automotive Systems
 Merit Abrasive Products
 Merrill Corporation
 Merrill Lynch
 Metasolv
 MetLife
 Micro Motion, Inc.
 Microsoft
 Midcom Inc.
 Midwest Electric Products
 Milacron
 Modern Plastics Technics
 Modine Manufacturing
 Moen
 Money's Foods Us Inc.
 Monona Wire Corp.
 Monsanto
 Morgan Stanley
 Motion Control Industries
 Motor Coach Industries International
 Motorola
 Mrs. Allison's Cookie Co.
 Mulox
 NNabco
 Nabisco
 NACCO Industries
 National City Corporation
 National Electric Carbon Products
 National Life
 National Semiconductor
 NCR Corporation
 neoIT
 NETGEAR
 Network Associates
 Newell Rubbermaid
 Newell Window Furnishings
 New World Pasta
 New York Life Insurance
 Nice Ball Bearings
 Nike
 Nordstrom
 Northrop Grumman
 Northwest Airlines
 Nu Gro Technologies
 Nu-kote International
 NutraMax Products
 Nypro Alabama
 OO'Bryan Brothers Inc.
 Ocwen Financial
 Office Depot
 Ogden Manufacturing
 Oglevee, Ltd
 Ohio Art
 Ohmite Manufacturing Co.
 Old Forge Lamp & Shade
 Omniglow Corporation
 ON Semiconductor
 Orbitz
 Oracle
 OshKosh B'Gosh
 Otis Elevator
 Outsource Partners International
 Owens-Brigam Medical Co.
 Owens Corning
 Oxford Automotive
 Oxford Industries
 PPacific Precision Metals
 Pak-Mor Manufacturing
 palmOne
 Parallax Power Components
 Paramount Apparel
 Parker-Hannifin
 Parsons E&C
 Paxar Corporation
 Pearson Digital Learning
 Peavey Electronics CorporationÊÊ
 PeopleSoft
 PepsiCo
 Pericom Semiconductor
 PerkinElmer
 PerkinElmer Life Sciences, Inc.
 Perot Systems
 Pfaltzgraff
 Pfizer
 Phillips-Van Heusen
 Pinnacle West Capital Corporation
 Pitney Bowes
 Plaid Clothing Company
 Planar Systems
 Plexus
 Pliant Corporation
 PL Industries
 Polaroid
 Polymer Sealing Solutions
 Portal Software
 Portex, Inc.
 Portola Packaging
 Port Townsend Paper Corp.
 Power One
 Pratt & Whitney
 Price Pfister
 priceline.com
 Pridecraft Enterprises
 Prime Tanning
 Primus Telecom
 Procter & Gamble
 Progress Lighting
 ProQuest
 Providian Financial
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 QQuaker Oats
 Quadion Corporation
 Quantegy
 Quark
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 RRadio Flyer
 Radio Shack
 Rainbow Technologies
 Rawlings Sporting Goods
 Rayovac
 Raytheon Aircraft
 RCG Information Technology
 Red Kap
 Regal-Beloit Corporation
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 Regence Group
 R.G. Barry Corp.
 Rich Products
 River Holding Corp.
 Robert Mitchell Co., Inc.
 Rockwell Automations
 Rockwell Collins
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 RR Donnelley & Sons
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 Russell Corporation
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 S & B Engineers and Constructors
 Sabre
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 Sanford
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 Seco Manufacturing Co.
 SEI Investments
 Sequa Corporation
 Seton Company
 Sheldahl Inc.
 Shipping Systems, Inc.
 Siebel Systems
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 Sights Denim Systems, Inc.
 Signal Transformer
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 Sikorsky
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 Simula Automotive SafetyÊ
 SITEL
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 SNC Manufacturing CompanyÊ
 SoftBrands
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 Southwire Company
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 Spectrum Control
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 Sprint
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 Stanley Furniture
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 STS Apparel Corporation
 Summitville Tiles
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 Superior Uniform Group
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 SurePrep
 The Sutherland Group
 Sweetheart Cup Co.
 Swift Denim
 Sykes Enterprises
 Symbol Technologies
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 Synygy
 TTakata Retraint Systems
 Target
 Teccor Electronics
 Techalloy Company, Inc.
 Technotrim
 Tecumseh
 Tee Jays Manufacturing
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 Telect
 Teleflex
 TeleTech
 Telex Communications
 Tellabs
 Tenneco Automotive
 Teradyne
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 Texas Instruments
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 Therm-O-Disc, Inc.
 Thomas & Betts
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 Thomas Saginaw Ball Screw Co.
 Three G's Manufacturing Co.
 Thrivent Financial for Lutherans
 Time Warner
 Tingley Rubber Corp.
 The Timken Company
 The Toro Company
 Tomlinson Industries
 Tower Automotive
 Toys "R" Us
 Trailmobile Trailer
 Trans-Apparel Group
 TransPro, Inc.
 Trans Union
 Travelocity
 Trek Bicycle Corporation
 Trend Technologies
 TriMas Corp.
 Trinity Industries
 Triquint Semiconductor
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 Tumbleweed Communications
 Tupperware
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 Tyco International
 UUCAR Carbon Company
 Underwriters Laboratories
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 Union Pacific Railroad
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 United States Ceramic Tile
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 VValence Technology
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 WWabash Alloys, L.L.C.
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 WebEx
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 Werner Co.
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 Williamson-Dickie Manufacturing Company
 Winpak Films
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 WorldCom
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 YYahoo!
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 ZZenith
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