Corporate Taxes
NCTI is an Important Part of the Federal Corporate Tax. States Should Adopt It Too.
• By Carl Davis
Including NCTI in state corporate tax law is an effective way to neutralize much of the tax avoidance that occurs when multinational companies artificially shift their profits into overseas tax havens.
State Rundown 2/11: This Valentine’s Day, Conscious Decoupling Is Our Love Language
• By ITEP Staff
While some may be excited for a romantic Valentine’s Day this weekend, many state lawmakers are breaking up and decoupling from recent federal tax changes that are poised to leave states with revenue shortfalls – much like a bad date who forgets their wallet and asks you to pick up the tab.
Trump Undermined the Constitution to Give Corporations a $10 Billion Tax Cut
• By Matthew Gardner
This unilateral corporate tax cut from the Trump administration will cost $10 billion over a decade unless it is reversed.
What Did 2025 State Tax Changes Mean for Racial and Economic Equity?
• By Brakeyshia Samms
The results are a mixed bag, with some states enacting promising policies that will improve tax equity and others going in the opposite direction.
Four Big Tech Companies Avoid $51 Billion in Taxes in Wake of One Big Beautiful Bill Act
• By Matthew Gardner
Four of the corporations whose CEOs flanked President Trump at his 2025 inauguration ceremony have now disclosed that they collectively received $51 billion in federal tax breaks in 2025, much of that likely from the One Big Beautiful Bill Act (OBBBA).
An Anti-Affordability Agenda: Trump’s Advisors Call on States to Raise Taxes on the Working Class and Drastically Cut Taxes for the Rich
• By Carl Davis
The Trump administration’s Council of Economic Advisors suggests that states consider drastically raising sales taxes and using those new revenues to pay for repealing taxes on corporate and personal income. Working-class families would face dramatic tax increases while the nation’s wealthiest families would see their state tax bills plummet.
Tesla Reported Zero Federal Income Tax on $5.7 Billion of U.S. Income in 2025
• By Matthew Gardner
Tesla enjoyed almost $5.7 billion of U.S. income in 2025 but paid $0 in federal income tax. Over the past three years, the Elon Musk-led company reported $12.5 billion of U.S. income on which its current federal tax was just $48 million.
Intuit Helped Limit Americans’ Tax Filing Options While Raking in Millions in Tax Breaks
• By Joe Hughes
As tax filing season begins, families have fewer options than last year, thanks to the heavy lobbying efforts of big tax-preparation corporations like Intuit (the parent company of TurboTax).
Show Me Where We’re Going: Missouri’s Fiscally Irresponsible Path Will Be Paid for by Everyday People
• By Logan Liguore
Missouri lawmakers have been pushing regressive and shortsighted tax policies that undermine everyday workers and sabotage the Show-Me State’s ability to raise revenue.
Don’t Be Fooled by Treasury’s Jekyll and Hyde Approach to Tax Enforcement
• By Matthew Gardner
While this guidance is sorely needed to clean up the mess created by a hasty Congress, these notices stand in sharp contrast to the deregulatory, anti-tax approach that the Treasury Department has taken.
2025: The Year in Tax Policy
• By ITEP Staff
From Congressional discussions over the so-called "One Big Beautiful Bill Act" to debates on property taxes, ITEP kept busy this year analyzing tax proposals and showing Americans across the country how tax decisions affect them.
10 Reasons Why the U.S. Should Reform Its Corporate Income Tax
• By Steve Wamhoff
The U.S. needs a tax code that is more progressive and that raises more revenue than the one we have now. An important way to achieve this is to reform the taxation of business profits.
President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.
• By Logan Liguore
Corporations have publicly revealed that they are passing the cost of tariffs on to Americans—the opposite of what the executive branch has said is happening.
Tax Haven Data Demonstrate Need for Global Minimum Tax Despite Opposition from Trump Administration
• By Steve Wamhoff
American corporations use accounting gimmicks to make profits appear to be earned in tax havens. This widespread problem could be fixed by Congress enacting legislation to implement a minimum tax on corporations that meets the standards of the global minimum tax that other countries have begun to implement.
Not-So-Free Kick: How the 2026 FIFA World Cup Will Cost Cities Millions
• By Page Gray
FIFA demanded sales tax breaks on World Cup Tickets. That means millions in lost revenue for host cities already shouldering the costs on providing infrastructure, security and logistics.
States Are Opening a Pandora’s Box of Data Centers
• By Page Gray
State governments are rushing to offer billions of dollars in subsidies to data center construction, apparently without understanding their full costs.
Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta
• By Matthew Gardner
Meta’s earnings setback is entirely attributable to an important tax reform championed by the Biden administration in 2022.
Oil and Gas Companies Are Paying Less Tax to the U.S. than to Foreign Governments
• By Matthew Gardner
Since 2017, these companies paid $135 billion in income taxes to foreign governments, but just $29 billion to the U.S.
Why States Shouldn’t Go Along With OBBBA’s Corporate Tax Breaks: A Practical Guide
• By Nick Johnson, Michael Mazerov
States should immediately decouple from four costly corporate tax provisions in the new federal tax law.
Well, That Was Fast: Trump Tax Law’s New Corporate Breaks are Already Worsening the Deficit
• By ITEP Staff
Corporate income taxes for the fiscal year that ended in September are $77 billion lower than in the previous year, a 15 percent drop.
Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?
• By Matthew Gardner
If Coca-Cola only pays 3% of the $18 billion tax bill it's facing, then the rest of us will have to pick up the remaining 97%.
Leaving Billions on the Table: Trump-Induced Brain Drain Leaves the IRS Struggling to Prevent Corporate Tax Avoidance
• By Matthew Gardner
The IRS's capacity to prevent big multinational corporations from avoiding income taxes is facing a generational crisis.
Corporate Tax Transparency’s Disappearing Act
• By Spandan Marasini
What currently stands in the way of better corporate tax transparency.
Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congress
• By Matthew Gardner
A drafting error in the 2017 tax law will cost U.S. taxpayers over $1 billion in unintended tax cuts for big multinationals.
Americans Want to Know Which Corporations Aren’t Paying Taxes, but House Republicans Want to Keep this Information Secret
• By Matthew Gardner
The appropriations plan released by House Republicans this weekend threatens to withhold funding for an obscure but vital financial oversight board because that board now requires corporations to disclose basic information about their income tax payments (or lack thereof).
