Uncle Sam can't touch it.

Uncle Sam Can't Touch It

A majority of foreign-controlled
corporations (FCCs) and U.S.-controlled
corporations (USCCs)
reported no income tax
for 2000.

Tax liability               FCCs    USCCs *

None                        73.3%    63.0%

$1 or more but
less than $100,000          18.2     35.0

$100,000 or more
but less than $1 million     6.1      1.6

$1 million or more           2.4      0.3

* Figures do not total 100% due to rounding.

Source: Comparison of the Reported Tax Liabilities of Foreign-and
U.S.-Controlled Corporations, 1996-2000, Government
Accounting Office, www.gao.gov, 2004.