With the nation struggling to recover from the latest recession, coupled with millions of unemployed workers, and businesses closing every day, it doesnâ€™t take a genius to realize that some companies arenâ€™t struggling along with us-in fact, theyâ€™re thriving. http://www.accountingschoolguide.com has created an infographic entitled â€śGreen Giantsâ€ť listing some of the most profitable businesses in the world, along with their profit margins, and how theyâ€™re able to slide through some very narrow loopholes when paying taxes.
This infographic starts by listing the top 25 most profitable businesses across the globe, including corporate giants such as ExxonMobil, Apple, Chevron, and J.P. Morgan Chase. Each of these countries is listed, along with their country of origin, how much profit they raked in in 2012, and what industries these companies do business in. With the top industries being energy, technology, and banking, itâ€™s no surprise to see some hefty profits. For example, ExxonMobil earned over $44 billion. But did they pay taxes on this amount? If this infographic proves to be an average, the answer is no.
Weâ€™ll take a look at companies such as Bank of America and Honeywell, which fared well in 2012, and paid $0 in taxes due to loopholes. What types of loopholes? This infographic covers many types of loopholes, including stock options, fuel subsidies, and accelerated depreciation.
Feel free to like, share, and comment in this infographic entitled â€śGreen Giantsâ€ť brought to you by http://www.accountingschoolguide.com.