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5 American Companies paying Zero Tax or Less
By siliconindia
Honeywell International
Honeywell International, a conglomerate, which caters to a variety of consumer products, engineering services and aerospace systems, and from private consumers to governments, is a Fortune 100 company. The company paid less than nothing in aggregate federal income taxes over the years 2008 to 2010. The profits for the period 2008 to 2010 were $4903 million, while the taxes paid were a negative $34 million, a fall of 0.7 percent. The company is in the league of companies whose pretax U.S. profits totaled $160 billion over the years 2008 to 2010.
