MA: Millions in profits, and a tax bill to envy

posted by
May 1, 2011
The Boston Globe    
Posted in News, PND News

"They are high-tech companies, financial players, and manufacturers. What they all have in common: They paid no federal income taxes last year, despite making millions of dollars in profits ... generally because they lost money in prior years and were able to carry forward those losses to offset tax liabilities. In some cases, companies received refunds worth millions of dollars. They are beneficiaries of longtime tax breaks for corporations, tax specialists say, coupled in some cases with shorter-term tax benefits that lawmakers introduced in the past three years to help companies during the recession." (05/01/11)

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