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The Companies Paying the Lowest Taxes

As Washington tries to find its way out of increasing debt, the debate continues over whether American companies should pay more or less in taxes. Meanwhile, some of the largest U.S. public corporations paid no taxes at all for 2012. As a matter of fact, several of America's biggest companies received tax credits that rose into the hundreds of millions, or even billions, of dollars. Losing money or taking write-downs has become a sort of benefit for several well-known corporations.There are several ways a company can avoid paying taxes. One is simple: The corporation loses large sums of money, and as a by-product it pays no taxes or even gets tax credits. Battered retailer J.C. Penney managed to do that last year.These are the companies paying the least in taxes. 10. Alpha Natural Resources > Income tax expense: -$550 million > Earnings before taxes: -$2.99 billion > Revenue: $6.98 billion > 1-yr. share price change: -47.43% > Industry: Coal and fuelsAlpha Natural Resources Inc. (NYSE:...

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  1. Ex-Massey Executive Charged In Mine Safety Probe

    The U.S. Attorney for the Southern District of West Virginia on Wednesday filed charges against a former Massey Energy division president for allegedly violating two...

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    The former superintendent of Massey Energy Co.'s (MEE) Upper Big Branch mine that collapsed in West Virginia last year has pleaded guilty to federal fraud charges, T...

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    A coal miner was fatally injured in an Alpha Natural Resources Inc mine in West Virginia over the weekend, the company said on Monday.It said the man was struck by m...

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