Published 3 years ago

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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Yahoo News

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

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 …

3 years ago·Los Angeles, United States

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News18 India

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.

3 years ago·India

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The Independent

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

3 years ago·London, United Kingdom

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Associated Press News

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

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…

3 years ago·United States

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abc News

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

3 years ago·United States

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Washington Times

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

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. ...

3 years ago·United States

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