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Quiz: Do U.S. corporations pay too little in taxes?

May 29, 2013|By Jim Puzzanghera
  • Apple CEO Tim Cook testifies in Washington before a Senate panel examining how multinational corporations shift profits offshore.
Apple CEO Tim Cook testifies in Washington before a Senate panel examining… (Associated Press )

A Senate subcommittee investigation of Apple Inc.’s offshore profit-shifting highlighted the issue of corporate taxes as lawmakers push ahead with reform efforts.

Many Democrats and Republicans agree the tax code should be overhauled to make the U.S. more competitive globally, with some breaks eliminated in order to lower the corporate rate. Key House and Senate committee chairmen want to make changes to corporate and individual tax laws, which would mark the first comprehensive reforms since the 1980s.

Test your knowledge of corporate taxes with this quiz.

After you take this quiz, try your hand at more more business-related quizzes by clicking here.

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