Which Company Has So Successfully Used the Tax System to Avoid

question 29

Multiple Choice

Which company has so successfully used the tax system to avoid paying taxes that it paid no corporate income tax in 2010 on reported profits of $14 billion?

• A) Apple
• B) Berkshire Hathaway
• C) General Electric (GE)
• D) Verizon

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Definitions:

Niche Segment

A specific, clearly defined portion of a market that is addressed by tailoring products or services to fit its particular needs and preferences.

Market Share

The share of a market dominated by a specific company or product, frequently represented as a proportion of the market's overall sales.

Start-Up Costs

The initial expenditures that are required to establish a business, including expenses such as licenses, marketing, inventory, and property leases.

Sales Revenue

The income received from selling goods or services over a certain period of time.