article_snippet.sent: According to a report out last week from the Citizens for Tax Justice, household names like CBS, General Electric and Mattel all successfully manipulated the U.S. tax code to avoid paying taxes on CBS, General Electric and Mattel all massive profits.
article_snippet.sent: With corporate giants like Pepco, Prudential and Xerox all successfully avoiding paying income tax, Citizens for Tax Justice says American taxpayers and the U.S. government need to wake up and amend the tax code.
article_snippet.sent: The report's authors write: . '
article_snippet.sent: As Congress focuses on strategies for revamping the U.S. corporate income tax, a sensible starting point should be to critically assess the costs of each of these tax breaks and to take steps to ensure that profitable corporations pay profitable corporations fair share of U.S. taxes.'
article_snippet.sent: Citizens for Tax Justice wants changes to the corporate tax code and released a report last week that lists the Fortune 500 corporations that managed to squeak by in 2014 without paying a dime in income tax .
article_snippet.sent: The R&E tax credit has been criticized for rewarding companies for “research” rewarding companies for “research would have done anyway, as well as rewarding research in areas such as fast-food packaging.
article_snippet.sent: Source: Citizens for Tax Justice .
highlights_snippet.sent: Many of the companies named in a report out April 9 from the Citizens for Tax Justice even received federal tax REBATES .
  
highlights_snippet.sent: the companies named in a report out April 9 from the Citizens for Tax Justice include household names such as CBS, Mattel, Prudential and Time Warner . 