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 […]

Why Amazon May Pay No Federal Income Taxes This Year

A report that tech behemoth Amazon is unlikely to pay federal income tax for 2018 recently set off a firestorm. How could a company with record U.S. profits for the year avoid paying up while most Americans can’t? The answer is a combination of existing tax rules that have enabled Amazon, and companies like it, […]