November 3, 2017

Dallas Morning News: Was Exxon Mobil’s Tax Rate Last Year Really -5.1%?

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So, who’s right?

“They are both correct,” said Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy. “They’re just measuring different things.”

Tax breaks, financial reporting rules and differing tax rates around the world make looking at these numbers a tricky business. In fact, both experts interviewed by The Dallas Morning News¬†on Thursday used the word “goofy” to describe some results when corporate tax rates are calculated. Read more