ITEP's Research Priorities
- Blog
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- Earned Income Tax Credit
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- Sales, Gas and Excise Taxes
- SALT Deduction
- Select Media Mentions
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- Tax Credits for Workers and Families
- Tax Reform Options and Challenges
- Taxing Wealth and Income from Wealth
- Trump Tax Policies
- Who Pays?
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media mention April 5, 2021 Wall Street Journal: A 28% Tax Rate Will Cost Companies, but Not Equally
Supporters say the tax increase cannot be looked at in isolation. Domestic companies and American workers stand to benefit from the Biden administration’s proposal to spend more than $2 trillion… -
media mention April 5, 2021 Washington Post: Dozens of America’s Biggest Businesses Paid No Federal Income Tax Again
Fifty-five of the nation’s largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and… -
media mention April 5, 2021 Washington Post: Republicans Struggle to Defend Corporate Tax Windfall (Opinion)
Corporations are hard-pressed to scream poverty. The Institute on Taxation and Economic Policy found 55 big companies that paid no federal income taxes at all last year: “The tax-avoiding companies… -
media mention April 5, 2021 Fiscal Times: Dozens of Major Corporations Paid No Federal Income Taxes in 2020: Report
At least 55 large corporations paid no federal corporate income taxes in 2020, according to a new analysis by the Institute on Taxation and Economic Policy. The companies in the… -
ITEP Work in Action April 5, 2021 Louisiana Budget Project: Who Pays? Racial Injustice in Louisiana’s Tax System
Historic and current injustices – both in public policy and in society more broadly – have resulted in vast disparities in income across race and ethnicity in Louisiana. Unfortunately, our… -
media mention April 5, 2021 MSNBC: Many Corporate Giants (Once Again) Paid No Federal Income Taxes
A couple of years ago, the Institute on Taxation and Economic Policy released the results of a detailed study that found of the Fortune 500 companies, about 400 paid an… -
media mention April 5, 2021 Pittsburgh Business Times: Pittsburgh Company among 55 that Paid Zero Corporate Income Tax
At least 55 of the biggest and best-known companies in the country didn’t pay federal corporate income taxes during their most recent fiscal year. That includes Pittsburgh’s 11th-largest public company.… -
media mention April 4, 2021 Washington Post: What Americans Will Get from Biden’s $2 Trillion Infrastructure Plan (Opinion)
In addition, a new report from the Institute of Taxation and Economic Policy underscores how well corporations did over the last four years, with 55 big corporations paying no federal… -
media mention April 4, 2021 The Joint Blog: Report: State and Local Cannabis Tax Revenue Jumps 58%, Surpassing $3 Billion in 2020
According to a new report conducted and released by the Institute on Taxation and Economic Policy, tax revenue from state-legal marijuana sales rose significantly in 2020 to surpass $3 billion.… -
media mention April 4, 2021 Washington Post: Republicans Draw a Blank on Basic Governance (Opinion)
But one suspects that Blunt, Wicker and others are protesting this proposed tax increase because of the narrow portion of Americans for whom the 2017 cut did work: the wealthiest.… -
media mention April 2, 2021 Financial Times: Biden Faces Clash with Business over Proposed Tax Increases
Still, a report by the Institute on Taxation and Economic Policy, a think-tank, on Friday found that at least 55 large and profitable US companies paid no federal corporate income… -
media mention April 2, 2021 Shelton Herald: Houston-based Kinder Morgan among Large Corporations that Didn’t Pay Federal Taxes in 2020
Houston-based Kinder Morgan is one of the largest infrastructure companies in North America — and they’re among the at least 55 American corporations that paid absolutely nothing in federal taxes… -
media mention April 2, 2021 Washington Post: The Daily 202: Biden Infrastructure Push Could Face SALT-y Democratic Challenge
A report by the Institute on Taxation and Economic Policy found that companies like Salesforce, Consolidated Edison, FedEx and Nike “were able to avoid paying any federal income tax for… -
ITEP Work in Action April 2, 2021 Inequality.org: Sales Taxes Widen the Racial Wealth Divide. States and Cities Have Far Better Options.
The public discourse over inequality and racial disparities has rightly shifted to how to dismantle structural challenges that create these gross inequities. Addressing racial disparities will require a concerted effort… -
media mention April 2, 2021 Complex: Nike Hasn’t Paid Any Federal Income Tax for the Last Three Years
Nike has made $4.1 billion in profits over the last three years but didn’t pay a dime in federal income tax for its earnings, according to new reports by the… -
media mention April 2, 2021 Quartz: Nike And FedEx Haven’t Paid Federal Income Tax in Three Years
Despite raking in billions in earnings, Nike, FedEx, and two dozen other public companies have paid no federal corporate income tax in the US since 2018, according to a study… -
media mention April 2, 2021 Forbes: More Than 50 Major U.S. Corporations—Including Nike And FedEx—Paid No Federal Taxes Last Year
Benefitting from Trump-era tax cuts and capitalizing on loopholes in the tax code, at least 55 prominent U.S. companies paid $0 in federal corporate income taxes in 2020 on billions… -
media mention April 2, 2021 Business Insider: Nike, FedEx, and 24 Other Companies with $77 Billion of Combined Income Have Avoided Paying Taxes for Years, a New Report Found
55 of America’s biggest companies paid $0 in federal taxes last year, a new study from the Institute on Taxation and Economic Policy (ITEP) found. The 55 publicly traded companies… -
media mention April 2, 2021 The Hill: 55 Major Companies Paid Zero Federal Income Tax in 2020: Watchdog
At least 55 major profitable companies didn’t pay any federal corporate income taxes last year, according a report by the left-leaning Institute on Taxation and Economic Policy (ITEP). The group… -
media mention April 2, 2021 Associated Press: Even with Pretax Profits, Many Big Companies Pay Zero US Tax
Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many… -
media mention April 2, 2021 Fast Company: Report: 55 of America’s Biggest Companies Paid Zero Taxes during the Pandemic
The stock market boomed last year, despite a pandemic that put 45 million people out of work. But dozens of the biggest, most profitable corporations in the United States still… -
media mention April 2, 2021 New York Times: No Federal Taxes for Dozens of Big, Profitable Companies
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions… -
report April 2, 2021 55 Corporations Paid $0 in Federal Taxes on 2020 Profits
At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying substantial pretax profits in the United States. This continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of long-standing tax breaks preserved or expanded by the 2017 tax law as well as the CARES Act tax breaks enacted in the spring of 2020.
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report April 2, 2021 Corporate Tax Reform in the Wake of the Pandemic
Read as PDF Note: This report is adapted from written testimony submitted by Amy Hanauer before testifying in person to the Senate Budget Committee on March 25, 2021. In 2020,… -
blog April 1, 2021 Biden’s Corporate Tax Revolution
The corporate tax plan put forth on Wednesday by President Joe Biden to offset the cost of his infrastructure priorities would be the most significant corporate tax reform in a generation if enacted.