|Login
Ground News Logo
Sep 22, 2021SUBSCRIBE NOW

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

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.
6 months ago|New York, United States

BIAS COVERAGE DISTRIBUTION

40 of these news sources are bias rated
15 lean LEFT, 15 are CENTER
L 38%
C 37%
R 25%
Common Dreams
Alternet
The Daily Beast
The Independent
abc News
New York Times
CBS News
+9
Associated Press News
680 News
The Hill
Business Insider
+12
Washington Times
New York Post
Entrepreneur
abc 7 WJLA
+5
The Daily Caller
Breitbart
ALL ARTICLES
Yahoo News
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 …

6 months ago|Los Angeles, United States
News18 India
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.

6 months ago|India
Washington Times
Washington TimesR

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. ...

6 months ago|Washington, United States
The Independent
The IndependentL

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

6 months ago|London, United Kingdom
abc News
abc NewsL

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

6 months ago|United States
New York Times
New York TimesL

No Federal Taxes for Dozens of Big, Profitable Companies

FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.

6 months ago|New York, United States
CBS News
CBS NewsL

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

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

6 months ago|New York, United States
The Washington Post
The Washington PostL

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

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

6 months ago|Washington, United States
Associated Press News
Associated Press NewsC

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…

6 months ago|United States
680 News
680 NewsC

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 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 Inst…

6 months ago|Toronto, Canada
COVERAGE DETAILS

BIAS COVERAGE DISTRIBUTION

40 of these news sources are bias rated
15 lean LEFT, 15 are CENTER
L 38%
C 37%
R 25%
Common Dreams
Alternet
The Daily Beast
The Independent
abc News
New York Times
CBS News
The Washington Post
Star Tribune
WHDH
SF Chronicle
Houston Chronicle
Commercial Appeal
Fast Company
+2
Associated Press News
680 News
The Hill
Business Insider
Political Wire
WPLG
Forbes
Fortune
Observer
9NEWS Denver
WTSP
+5
Washington Times
New York Post
Entrepreneur
abc 7 WJLA
KATU
WEAR
DNyuz
The Fiscal Times
The Daily Caller
Breitbart
Total News Sources66Leaning Left15 sourcesLeaning Right10 sourcesCenter15 sourcesLast Updated6 months ago
0
TOPICS
SIMILAR STORIES