Bloomberg Tax: HILL TAX BRIEFING: Extenders, Tax Law Fixes Make Year-End Deal

Corporate Tax Bills: Profitable U.S. companies in 2018 paid an average effective tax rate of 11.3%, far lower than the statutory 21% rate, according to a report released yesterday by the Institute on Taxation and Economic Policy.

Nearly 100 companies, including Amazon.com Inc., didn’t pay federal income taxes on their 2018 U.S. income, according to the report.

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