Despite Claim of High Tax Rate, Continental Resources Paid Just 2.2% of Its Profits in Federal Income Taxes over the Past 5 Years | CTJReports
Harold Hamm, Continental Resources’ Chairman and CEO, as well as Mitt Romney’s top energy advisor, has submitted testimony to the House Energy and Commerce Committee in which he claims that his company’s effective corporate income tax rate is 38 percent.1 This figure does not reflect reality.
The figures from his company’s SEC filings make it clear that Hamm’s 38 percent calculation includes both “current” taxes, which are the taxes ...
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