What was my tax rate again? Oh yes, somewhere around 40%... Nice to see that everyone is doing their share.
I'm speaking for the US, by the way.
It's amusing to see how effective industry lobbyists have been in shutting down any reform that would close these loopholes. Lets talk about slashing entitlements but completely stonewall any attempts to get corporations paying more tax...
If these big companies want to have the rights and privileges that citizens do (treated as legal entities, freedom of speech through political contributions, etc) then they should have to play by the same rules and with the same encumbrances.