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10 Companies Paying the Least in Taxes

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6. Cisco (CSCO - Get Report) makes networking equipment, with dominant market share in switches and routers.

Cisco's sales have risen 19% in the past 12 months and its net income has expanded 25%. Cisco's fiscal second-quarter net margin contracted from 19% to 15%, but remained outstanding relative to peers. Cisco's trailing 12-month pre-tax margin, at 21%, ranks in the 89th percentile for the tech sector.

Yet, Cisco's effective tax rate, for fiscal 2010, was less than 18%, well below the top U.S. rate of 30% and down from its rate of 20% in 2009 and 21% in 2008. Cisco paid $1.5 billion in 2010 of current taxes to the U.S., enjoying a deferred benefit of $425 million.

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BAC $15.56 0.00%
CSCO $27.92 0.00%
GE $27.25 0.00%
HPQ $32.53 0.00%
KO $40.30 0.00%


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