Spandan Marasini
Assistant Data Analyst
Spandan is an Assistant Data Analyst at ITEP. He utilizes the organization’s microsimulation model to understand the impact of policy proposals, providing outputs for reports, campaigns, and advocacy efforts. Spandan also contributes to ITEP’s corporate tax analysis, using programming and research skills to dissect corporate tax payments and the consequences of corporate tax policies. Spandan previously worked as a National Consultant at the International Labour Organization. He graduated from Bucknell University with degrees in Mathematical Economics and History.
[email protected]Recent Publications and Posts view more
-
Fifteen Companies Each Avoided More than $1 Billion in Taxes from a Single Trump Tax Cut
The deduction for Foreign-Derived Intangible Income (FDII), one of the tax cuts included in former President Trump’s signature 2017 tax law, provides a lower effective tax rate on income earned from intangible assets, such as patents, trademarks, and other forms of intellectual property. Since the law went into effect in 2018, 15 corporations have separately reported more than $1 billion in tax benefits. Alphabet (the parent company of Google) reported the most, at more than $11 billion in tax breaks from 2018 to 2023. Other beneficiaries include large tech firms such as Meta, Microsoft, Intel, and Qualcomm.
-
Corporate Taxes Before and After the Trump Tax Law
The Trump tax law slashed taxes for America’s largest, consistently profitable corporations. These companies saw their effective tax rates fall from an average of 22.0 percent to an average of 12.8 percent after the Trump tax law went into effect in 2018.