BBC: US Election 2020: Fact-checking Trump and Biden’s Final Week

In 2018, 91 of the top 500 companies in the US effectively paid no tax, according to a report by the Institute on Taxation and Economic Policy.

Despite making almost $80bn in pre-tax income, some companies paid no taxes, as the US corporate tax code “lowers the bar for the amount of tax avoidance it takes to get you down to zero”, according to the Institute.

The companies paying zero tax included Amazon and Starbucks.

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