Taxes and the deep blue sea

Remember back a few weeks when I wrote about corporations and taxes?  I read an interesting article in the SUN the other day.

According to a pay study in the US, 25 of the top 100 CEOs in the US were paid more by their companies than their companies paid in taxes.   And many of  those same companies paid more in lobbying fees than in taxes.

Stated another way... What?!!!

Book available at mysteriesofcanada.com

Two-thirds of the firms studied kept their taxes low by utilizing offshore subsidiaries in tax havens such as Bermuda, Singapore and Luxembourg. The remaining companies benefited from accelerated depreciation.

The LOOPHOLES are so big you could drive a Boeing aircraft with GE engines right through them.

Boeing paid CEO Jim McNerney $13.8 million, sent in $13 million in federal income taxes, and spent $20.8 million on lobbying and campaign spending while General Electric CEO Jeff Immelt earned $15.2 million in 2010, while the company got a $3.3 billion federal tax refund and invested $41.8 million in lobbying and political campaigns.

I wonder what a similar study in Canada would reveal?