Tag Archives for corporate tax
Exxon Mobil’s profits and taxes: both records
Exxon Mobil announced recently the highest annual profits by a US corporation in history. Reaction was predictable — the US Congress was littered with outraged politicians calling for a windfall profits tax. But that would be wrong, and the Tax … Continue reading
Incorporate or not: It’s the investment
A small business usually starts out as a sole proprietorship, owned and operated by the founder personally and reporting business income on their annual personal tax return. But as the business grows, the question of incorporation will always arise, and … Continue reading