Tesla’s Secret Source of Cash Has Finally Been Revealed

For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. These sorts of transactions have largely been shrouded in secrecy–until now. General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they […]

How These Fortune 500 Companies (Legally) Paid $0 In Taxes Last Year

When it comes to tax day, many big American corporations have a powerful message: We’ll pass. Of the Fortune 500 companies that have already filed their 2018 taxes, 60 were profitable and yet avoided all federal income tax, according to an ITEP analysis released on Thursday. The total U.S. income of the 60–which ITEP reports […]