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10 Companies Paying the Least in Taxes

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5. Coca-Cola (KO - Get Report) makes syrups and beverages.

Revenue has grown 17% in the past 12 months and net income has advanced 73%. Coke's fourth-quarter net margin jumped from 21% to 55%, helped by one-time gains. Still, its trailing 12-month pre-tax profit margin ranks in the 99th percentile for the beverage industry. Coke generated more than $35 billion of sales in fiscal 2010 and more than $14 billion of pre-tax income. Yet, it was taxed at an effective rate of less than 17%, paying $420 million in current taxes to the U.S. and incurring a deferred expense $599 million. Coke paid $1.3 billion in current international taxes and deferred a more modest $16 million.

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