April 21, 2015

Integrity Florida: Subsidizing Corporate Tax Dodgers

ITEP Work in Action

Thanks to the data provided by CTJ/ITEP, Integrity Florida found that all of the profitable Fortune 500 corporations headquartered in Florida paid state governments in the U.S. on average a lower corporate profits tax rate than Florida’s 5.5 percent rate between 2011 and 2013. Most of these corporations have received taxpayer-funded subsidy deals and government contracts. The corporations examined in this report have also spent heavily on state-level political campaign contributions and legislative lobbying in Florida.

Read the full report here.