Common Dreams: Corporations Getting to Zero With GOP’s Inside Help on Tax Avoidance

Given the lack of transparency in corporate reporting, it is hard to tell how Aircastle’s strategies compare to those used by other companies. The Institute on Taxation and Economic Policy (ITEP) reported in April, based on 10-Ks submitted to the SEC, that 60 of the Fortune 500 had zero or negative federal income tax payments in 2018. But more detailed analysis or estimates of tax revenue lost, in the United States and other countries, require much more data than almost all such reports provide. Read more