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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55 major companies paid zero federal income tax in 2020: watchdog

Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits.  More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates, even though they reported almost $40.5 billion in pretax profits as a group, according to the Institute on …

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Even with pretax profits, many big companies pay zero US tax

NEW YORK:  Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many of them pay zero despite making big pretax profits.

Media Bias/Fact Check

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Mukesh Ambani

India

Even With Pretax Profits, Many Big Companies Pay Zero US Tax

More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, even though they reported big pretax profits as a group

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Evgeny Lebedev

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NEW YORK (AP) — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many of them pay zero despite making…

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NEW YORK (AP) - Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits. More than 50 of the largest U.S. ...

Washington Times

The Washington Times LLC

Dozens of America’s biggest companies paid no federal income taxes last year thanks to a range of tax breaks — including some brand-new ones, a new report says. The 55 corporations avoided a …

New York Post

Murdoch family

New York

Dozens of American corporations paid no federal income taxes last year: report

55 corporations had zero federal tax liability in 2020, including household names like Nike, FedEx and Dish Network, analysis finds.

The Washington Post

Jeff Bezos

Analysis | Dozens of America’s biggest businesses paid no federal income tax — again

"Asking corporate America just to pay their fair share will not slow the economy at all," the president said.

CBS News

National Amusements

Michael Redstone

Biden pushes back on criticism of raising corporate tax as study suggests some corporations paid zero on profits

At least 55 major profitable companies didn’t pay any federal corporate income taxes last year, according a report by the left-

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

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

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