Editorial Board
On Corporate Taxes, Put the Public in Publicly Traded: View
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How can you tell how much federal income tax a publicly traded company pays in a specific year? You can’t.
Writing in the Washington Post last month, journalist Allan Sloan suggested this can be corrected by demanding that the Financial Accounting Standards Board require companies to disclose this number. This was a follow-up to his critique of a New York Times article published in March reporting that General Electric Co. had paid no U.S. income tax in 2010.