U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006 [View article]
What's so surprising? If payroll is a major expense, than the amount of income taxes that the employer collects and pays together with payroll taxes may easily be more than their profit. If a company is just a retailer with a small margin, they would collect more sales taxes and VAT than their profit also, especially in Europe.
U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006 [View article]