Det danske Fredsakademi
Kronologi over fredssagen og international politik 19. februar 2014 / Time Line February 19, 2014
Version 3.518. Februar 2014, 20. Februar 2014
02/19/2014
Day of Remembrance;
USA
02/19/2014
Boeing, Second Largest Federal Contractor, Pays No Federal Income Tax in 2013
By Scott Klinger, 2/19/2014
- http://foreffectivegov.org/blog/boeing-second-largest-federal-contractor-pays-no-federal-income-tax-2013
In its just-released annual report, Boeing Company reported that it claimed $82 million in federal tax refunds, despite reporting $5.9 billion in U.S. pre-tax profits last year. This represents an effective tax rate of -1.4 percent. Boeing paid just $11 million in state income taxes, an effective state tax rate of just 0.2 percent. The disclosures were made in Boeing’s Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) last Friday.
Since 2008, Boeing has reported between $1.6 billion and $5.9 billion in profits each year, and yet has paid no federal income taxes in three of those years. Over the last six years, Boeing has reported $26.4 billion in pre-tax profits to its shareholders, while claiming a total of $105 million in refunds from the IRS, an effective tax rate of -0.4 percent.
With $20 billion in sales to the federal government in fiscal 2013, Boeing was the nation’s second largest contractor. Boeing alone received 4.4 percent of all federal government contracts last year. Boeing reported to shareholders that 34 percent of its 2013 sales were made to the U.S. government.
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