Select Media Mentions
Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].
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media mention February 20, 2020 Minneapolis Star-Tribune: Tax reform may be more lucrative than advertised for corporations
Many of Minnesota’s major corporations paid lower tax rates in 2018 than new, dramatically lower corporate tax rates. That was among the findings in an analysis of government filings by… -
media mention February 20, 2020 Factcheck.org: FactChecking the Las Vegas Democratic Debate
There were indeed reports last year, prompted by the findings of the left-leaning Institute on Taxation and Economic Policy, indicating that the two companies and others paid no federal income taxes in 2018. The… -
media mention February 12, 2020 Yahoo! Finance: In Search of the ‘Disappearing Corporate Income Tax’
Those losses, driven by generous rule-writing and interpretations of the 2017 tax law by the U.S. Treasury, are so substantial that they were deemed “tax cuts 2.0” by the liberal-leaning… -
media mention February 10, 2020 Maine Beacon: Report: Maine losing $52 million annually to corporations using offshore tax havens
The amount of money U.S. companies move through tax havens is considerable. Fortune 500 companies made $2.6 trillion in offshore profits in 2016, according to the Institute on Taxation and… -
media mention February 7, 2020 Politifact: Fact-checking the Democratic claim that Amazon doesn’t pay taxes
Short answer: Amazon’s tax returns are private, so we don’t know for sure what Amazon pays in federal taxes. But Amazon’s estimates on its annual 10-K filings with the U.S.… -
media mention February 7, 2020 CBSNews.com: Amazon paid a tax rate of just 1.2% last year, versus 14% for average Americans
Amazon isn’t alone, of course. Hundreds of U.S. companies now pay tax rates that are lower than those many Americans pay. A study late last year from the liberal Institute… -
media mention February 7, 2020 Yahoo! Finance: Amazon paid a 1.2% tax rate on $13,285,000,000 in profit for 2019
Matthew Gardner, senior fellow for the Institute on Taxation and Economic Policy (ITEP), who analyzes corporations and their tax avoidance, says there’s “no meaningful” connection between Amazon and many of… -
media mention February 7, 2020 The Sun: AMAZON’S DIME Amazon paid just ONE per cent tax after making $13BILLION profit leaving taxpayers with jus $162million
One expert found ‘no meaningful’ link between Amazon and the tax payments in the SEC filing. Matthew Gardner, a senior fellow for the Institute on Taxation and Economic Policy, wrote:… -
media mention February 7, 2020 Fox Business: Amazon paid tax rate of 1.2% on $13B in profits last year
“This means that instead of avoiding 100 percent of its income tax liability, Amazon appears to have avoided only 94 percent of its tax bill last year,” Matthew Gardner, senior fellow… -
media mention February 7, 2020 The Daily Mail: Amazon paid only $162M in US federal taxes in 2019 after making $13BILLION in profit – an effective rate of just one per cent
Taxes collected on behalf of the government for payroll and from online sales from third-party vendors don’t count as taxes paid. The expert wrote in a post made for the Institute… -
media mention February 6, 2020 Politico: Cloudy Forecast for Tax Law Fixes
DECOUPLING DEDUCTIONS: Two-thirds of states with property tax deductions set a $10,000 ceiling along the lines of the TCJA’s cap on federal deductions for state and local taxes, according to… -
media mention February 6, 2020 International Business Times: Amazon Only Paid 1.2% Taxes In 2019 Despite $13 Billion Profit
Yahoo Finance, however, pointed that with the exception of the federal income tax, the listed amounts aren’t actually taxes Amazon paid to the federal government. There’s “no meaningful” connection between Amazon… -
media mention February 4, 2020 CNBC: Amazon had to pay federal income taxes for the first time since 2016 — here’s how much
However, paying something like payroll tax is hardly something to boast about, according to Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, or ITEP, a… -
media mention February 4, 2020 The Verge: Amazon finally owes federal income taxes this year — but we still don’t know how much it’s paying
t’s still, however, a low number compared to Amazon’s total profits. “It’s not fair to say [Amazon] paid nothing” on federal taxes anymore, says Matthew Gardner of the Institute on… -
media mention February 3, 2020 Bond Buyer: IRS SALT regulation allows loophole for pass-through businesses
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media mention February 3, 2020 Morning Call: Air Products collects $17 million tax rebate, one of many Fortune 500 companies that paid no corporate taxes
Air Products joined PPL, which during approximately the same period had a $19 million federal tax cut, according to the nonprofit Institute on Taxation and Economic Policy. Fortune 500 company… -
media mention January 31, 2020 Law 360: Blame Deficit on Disastrous Tax Law
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media mention January 31, 2020 Seattle Times: Amazon touts 2019 federal taxes, but the picture is complicated
So was Amazon’s 2019 U.S. federal income tax bill $1 billion or $162 million? The discrepancy stems from different financial statements companies prepare for tax authorities and investors, which recognize… -
media mention January 31, 2020 Gizmodo: Amazon’s Tax Claims Are Riddled with BS
According to Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy, these numbers are, at best, misleading. “You look at the different types of taxes that… -
media mention January 29, 2020 USA Today: State taxes: Which are the most tax-friendly states for the wealthy?
Wealthier Americans tend to pay a smaller share of their income in state and local taxes than lower-income Americans. According to a 2018 report released by The Institute on Taxation… -
media mention January 27, 2020 Scroll.in: At the centre of the US government and Facebook’s tax dispute is the company’s Dublin office
If the IRS prevails in court, it could cost Facebook up to $9 billion more in taxes, based on estimates in the company’s securities filings. It would be a notable… -
media mention January 27, 2020 Washington Post: Va. Governor Proposes Gas Tax Increase
Virginia would join 31 states that have raised or reformed their gas tax in the last decade, according to the Institute on Taxation and Economic Policy. Read more -
media mention January 26, 2020 The Washington Spectator: Tax Policy Options for the Next Administration
Bernie Sanders has proposed taxing estates worth more than $3.5 million. The Institute on Taxation and Economic Policy estimates that this would raise more than $30 billion a year. Another… -
media mention January 25, 2020 Business Insider: Treasury Secretary Mnuchin keeps insisting Trump’s tax cuts will pay for themselves despite consistent evidence they exploded the federal deficit
It’s soaring because the government is collecting fewer tax dollars as a result of the cuts. One study from the Institute on Taxation and Economic Policy, a left-leaning think-tank, released in… -
media mention January 25, 2020 New York Times: As States Add Money to Fix Roads, U.S. Is Urged to Ante Up
According to the Institute on Taxation and Economic Policy, most states have raised their gasoline taxes over the last several years. Along with the ballot initiatives passed to support highway…