Corporate America’s Tax Scheme: ‘Lobby More, Pay Less’

Corporate America’s Tax Scheme: ‘Lobby More, Pay Less’

A recent report released by the Sunlight Foundation found that of the 200 wealthiest U.S. companies, those who spent the most on lobbying in Washington saw the greatest reduction in reported tax rates between 2007 and 2010.

The top eight biggest spenders of the group between 2007 and 2009 saw the most unanimous tax benefits between 2007 and 2010, showing how money buys extreme tax leniency, with financial gains well into the billions.

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