NJ Biz: Four NJ Companies Paid $0 in 2018 Corporate Taxes, ITEP Report Finds
media mentionThis week, the Institute on Taxation and Economic Policy released a report examining 2018 financial filings for 379 profitable Fortune 500 companies that year – the first full year since President Donald Trump’s signing of the Tax Cuts and Jobs Act in 2017.
The “Corporate Tax Avoidance in the First Year of the Trump Tax Law” report from ITEP found 91 companies paid $0, or less, in taxes on U.S. income in 2018, with four of those companies hailing from the Garden State.