Fox Business: Many Fortune 500 Companies Paid Half of Trump’s Lower Corporate Tax Rate in 2018: Study
media mentionPresident Trump’s sweeping 2017 tax reform law substantially lowered the corporate tax rate, yet a large proportion of Fortune 500 companies paid an effective rate that was nearly half of what was expected of them, new research shows.
A number of companies — including Amazon to Starbucks and Chevron — appear to have evaded federal income taxes entirely in 2018, according to an Institute on Taxation and Economic Policy study released on Monday.