GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits

The new analysis comes as the auto giants claim they cannot afford striking workers’ demands for better pay.

Despite reaping tens of billions of dollars in profits between them over the past five years, General Motors and Ford paid an average combined tax rate of just 1% on total pre-tax income, an analysis published Tuesday by economic justice advocates revealed — as the auto giants claimed they cannot afford striking workers’ demands for better pay. The Americans for Tax Fairness (ATF) analysis — which…

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APA
Brett Wilkins | radiofree.asia (2024-05-10T16:46:10+00:00) » GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits. Retrieved from https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/.
MLA
" » GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits." Brett Wilkins | radiofree.asia - Wednesday September 20, 2023, https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/
HARVARD
Brett Wilkins | radiofree.asia Wednesday September 20, 2023 » GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits., viewed 2024-05-10T16:46:10+00:00,<https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/>
VANCOUVER
Brett Wilkins | radiofree.asia - » GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits. [Internet]. [Accessed 2024-05-10T16:46:10+00:00]. Available from: https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/
CHICAGO
" » GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits." Brett Wilkins | radiofree.asia - Accessed 2024-05-10T16:46:10+00:00. https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/
IEEE
" » GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits." Brett Wilkins | radiofree.asia [Online]. Available: https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/. [Accessed: 2024-05-10T16:46:10+00:00]
rf:citation
» GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits | Brett Wilkins | radiofree.asia | https://radiofree.asia/2023/09/20/gm-ford-paid-average-combined-tax-rate-of-just-1-percent-on-42b-in-profits/ | 2024-05-10T16:46:10+00:00
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