Tuesday, June 12, 2012

Honeywell CEO Wants To Pay No Taxes, Despite Creating No Jobs

Honeywell CEO Wants To Pay No Taxes, Despite Creating No Jobs
"During the last four years, Honeywell's effective tax rate was 2.0 percent, and that was only because it paid taxes in 2011. From 2008-2010, Honeywell had an effective tax rare of -0.7 percent. In the last two years, Honeywell cut 1,000 jobs in the U.S., while adding 11,000 jobs abroad. So despite paying basically no taxes in the U.S. in recent years, Honeywell continued to ship jobs overseas."