Back in the 1950s, corporate taxes accounted for about 30 percent of all federal revenue, but in 2009 corporate taxes accounted for just 6.6 percent.
Cities in Switzerland do a booming business in setting up sham headquarters for foreign corporations. For example: Zug, Switzerland is home to 26,000 people and 30,000 companies.
Transocean, the owner of the rig involved in the BP oil spill, movied their "headquarters" to Zug for tax purposes and saved about 2 billion dollars.
General Electric made a total of 14.2 billion dollars in profits last year paid nothing into the U.S. Treasury,
Even though Boeing receives billions in federal subsidies every year and even though it has a bunch of juicy government contracts it did not pay a single penny in federal corporate income taxes from 2008 to 2010.