Cincinnati Business Courier: P&G among biggest beneficiaries of tax breaks; here’s how other Cincinnati companies fared

P&G had an effective federal corporate tax rate of 22.3 percent, paying $14.9 billion in taxes on nearly $67 billion in U.S. profits over that eight-year period, according to the Institute on Taxation and Economic Policy.

A spokesman for P&G didn’t immediately provide a comment to the Business Courier.

The Institute on Taxation and Economic Policy noted that its study titled “The 35 Percent Corporate Tax Myth” comes as Congress and the administration of President Donald Trump have signaled an intention to reduce the corporate tax rate. Read more

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