Benjamin Franklin stated dying and taxes are the one two issues sure in life, however some megacorps have escaped the taxes utterly. In accordance with a USA TODAY evaluation of knowledge from S&P International Market Intelligence, there are 27 firms in S&P 500 that paid no earnings tax in 2015 regardless of having earnings for the 12 months. These massive companies embody Common Motors and United Continental. When you would possibly pay dearly in taxes, there are particular loop holes for main firms to take benefit comparable to decrease oversea tax charges. Even when the megacorps present earnings, they will keep away from tax utterly for the 12 months once they use tax credit score after years of earlier losses. (usatoday.com)