May 1, 2019

Vox: Apple Is Spending Even More of Its Huge Tax Cut on Wall Street Stock Buybacks

Apple, like a lot of corporations, wasn’t paying the full 35 percent corporate tax rate even before the tax cut bill was passed, but the new legislation has been very good to it. According to the liberal-leaning Institute on Taxation and Economic Policy, dozens of profitable Fortune 500 companies paid no federal income taxes at all last year, including Amazon and IBM.

Quoted Staff Member

ITEP Staff

Corporate Tax Avoidance Remains Rampant Under New Tax Law

Institute on Taxation
and Economic Policy

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Vox: Apple Is Spending Even More of Its Huge Tax Cut on Wall Street Stock Buybacks

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ITEP Staff

Corporate Tax Avoidance Remains Rampant Under New Tax Law

Institute on Taxation
and Economic Policy

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Promote Fair Tax Policy

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Vox: Apple Is Spending Even More of Its Huge Tax Cut on Wall Street Stock Buybacks

Share

ITEP Staff

Corporate Tax Avoidance Remains Rampant Under New Tax Law

Institute on Taxationand Economic Policy

Subscribe to ITEP Emails

Promote Fair Tax Policy

Federal Policy Research

State Policy Research

Local Policy Research

Contact

Institute on Taxation
and Economic Policy