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.

The Hill

Washington

District of Columbia

United States

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 …

Yahoo News

Los Angeles

Los Angeles County

California

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

News18 India

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

Ad Fontes Media

All Sides

The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

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…

Associated Press News

Independent Media

abc News

The Walt Disney Company

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

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

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

"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-

Nexstar Media Group

Joe Biden

Business

Money

Taxes

Economy

Politics

North America

FedEx

Nike

Biden Administration

New York City

North American Politics

North American Economy

New York State Politics

US Economy

US Politics

The Daily Caller

Business Insider

Star Tribune

WPLG

680 News

News 4 JAX

Political Wire

Forbes

WHDH

Alternet

Fortune

Houston Chronicle

KWWL

9NEWS Denver

Audacy

The Daily Beast

The Columbian

WVVA

Common Dreams

The Seattle Times

SF Chronicle

WTSP

WKYC

Stars and Stripes

Entrepreneur

Observer

KATU

abc 7 WJLA

DNyuz

KENS

The Commercial Appeal

WCNC

WTOL 11

Fox 17

WEAR

Fast Company

WFMY

NBC Montana

Temple Daily Telegram

WCYB

Footwear News

My NBC 15

KVII

immitate.com

Celebrities Deaths

GoLocalProv

ITEP

fa-mag.com

The Fiscal Times

KVOA

anchoragedailyplanet.com

WSTM

americanexpatfinance.com

Breitbart

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

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics