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More Than 50 Major U.S. Corporations—Including Nike And FedEx—Paid No Federal Taxes Last Year

Summary

Benefitting from Trump-era tax cuts and capitalizing on loopholes in the tax code, at least 55 prominent U.S. companies paid $0 in federal corporate income taxes in 2020 on billions of dollars in profits, according to a report published Friday by the Institute on Taxation and Economic Policy.

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The Columbian

Report: 50 of largest U.S. firms paid zero in income tax

4 years ago·Vancouver, United States

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Breitbart

Nike Among Corporations Paying No Federal Income Taxes Since 2018

Multinational sportswear corporation Nike is among at least 26 corporations that have paid zero dollars in federal income taxes since 2018, a new report details.

4 years ago·United States

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SF Chronicle

Salesforce paid no federal income tax in 2020 despite $2.6 billion in profit

Salesforce, San Francisco’s largest private employer, was among 55 major U.S. companies...

4 years ago·San Francisco, United States

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Stars and Stripes

Dozens of America's biggest businesses paid no federal income tax last year

Fifty-five of the nation's largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and Economic Policy, a progressive think tank.

4 years ago·Washington, United States

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Entrepreneur

Nike, HP and Other Large Corporations Got Away With Not Paying Any Federal Taxes on Their 2020 Profits

At least 55 of America's largest companies avoided federal taxation last year by using certain tax breaks, some of which had been revived during the pandemic.

4 years ago·San Francisco, United States

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