March 4, 2024

HuffPost: America’s Largest Companies Dodged Nearly $300 Billion In Taxes, Report Finds

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The country’s largest companies dodged more than $275 billion in federal corporate income taxes from 2018 to 2022, a new report from the nonprofit Institute on Taxation and Economic Policy finds.

The report examined corporate income taxes paid by 342 of the country’s largest companies from 2018 to 2022, the latest year for which companies have reported their earnings. All of them were profitable in all five years covered by the report.

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