Chicago Booth Review: Why Some Companies Don’t Maximize Tax Avoidance

This conundrum may come as a surprise to those who noticed that Amazon, Netflix, General Motors, and at least 57 other Fortune 500 companies didn’t pay a cent in US income tax last year on a combined $79 billion of profits, according to the Institute on Taxation and Economic Policy. But as Weisbach has put it, “It is not clear, given the wide variety of shelters, why any business pays tax at all.” Read more