It will charge only 15% corporate-profit tax and levy no income taxes on the finance professionals, lawyers, accountants and creative people it hopes eventually to attract.

ECONOMIST: China��s capital controls: The more special economic zone | The

So Maine would not have any corporate profit to tax and would not have any claim on the salaries since the guys were working in New Hampshire.

FORBES: New Hampshire Law Partners Face Maine Income Tax

Most other countries either tax the profit at the corporate level and then dividends are tax free, or dividends are distributed tax free at the corporate level and then taxed at the usual individual income tax rates.

FORBES: This Might Not Be The Best Time To Be Investing For A Dividend Income

The accumulation of cash offshore reflects companies' expansion overseas and U.S. tax rules that make overseas earnings subject to the U.S. 35% tax on corporate profit once repatriated from foreign subsidiaries.

WSJ: Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds

No profit, no corporate income tax.

FORBES: How The Government Subsidizes Leveraged Takeovers

It owes no corporate tax if the whole profit is paid out in the form of interest.

FORBES: The Equity Vanishes

Surpluses appeared because employment rose to 64.5% of the adult population (more people paying taxes) as a result of these events, supplemented by capital gains tax revenues and corporate profit taxes.

FORBES: Bill Clinton May Be Back -- But His Economy Isn't

In the UK dividends are paid out of post tax profit, as in the US. However, that tax that had been paid on the corporate profits becomes, to the dividend recipient, a tax credit.

FORBES: Warren Buffett's Very Strange Tax Argument

It is not a stretch to say that the massive increase in California corporate profit growth over the years has not been matched by corporate tax receipts.

FORBES: California: The Pickpocket State

So, profit that is paid out as a dividend pays no corporate income tax.

FORBES: Finally! A Sensible Idea About US Tax Policy

The for-profit company channeled millions of dollars from its corporate backers to two tax-exempt groups that Triad established "for the sole purpose of running attack ads against Democratic candidates under the guise of 'issue advocacy, ' " the report says.

CNN: By Jackie Koszczuk, CQ Staff Writer

Last year, a different group of more than 100 less high powered corporate and not-for-profit executives issued a similar call for both tax hikes and spending cuts.

FORBES: The CEOs' Tax And Deficit Hypocrisy