Search the Archive

Corps. / Income Tax Evasion #229804

CBS Evening News for Wednesday, Aug 01, 1973
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Democratic Congress Charles Vanik charges that growing breed of corporation is becoming a freeloader. Vanik releases tax payment reports for largest companies
REPORTER: Roger Mudd

(DC) Claims 5 corps. with more than $270 million income to pay no fed. income tax for 1972. 6 other corps. with $468 million income won't pay taxes and will receive $7 million in tax credit. [VANIK - charges average employee for large company pays more taxes than company he works for. More and more corps. pay little or no income tax.] Corps. cited for freeloading are given. ITT (International Telephone and Telegraph Corporation) and McDonnell Douglas deny Vanik's charges.
REPORTER: Phil Jones

Reporter(s):
Jones, Phil;
Mudd, Roger
Duration:
00:02:10

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.