Forbes: A Tax Day Note to Corporate America: Pay Your Fair Share

Of course, few, if any, corporations actually pay taxes at that rate. Earlier this spring, a study by the Institute on Taxation and Economic Policy (ITEP) showed that, between 2008 and 2015, Fortune 500 corporations paid an effective federal tax rate of 21.2% on average. Many pay far less, and some pay nothing at all. There is nothing illegal about this; companies are simply doing everything they can to reduce their tax base. And yet, in today’s court of public opinion, adhering to the letter of the law isn’t enough. Morality matters. Read more