Select Media Mentions
The Huffington Post: State Income Tax Avoided By 68 Large Profitable U.S. Companies In Recent Years: Study
December 19, 2012
(Original Post) Bonnie Kavoussi First Posted: 12/ 7/11 12:16 PM ET Updated: 12/ 7/11 12:16 PM ET Large U.S. corporations are not only figuring out ways to avoid federal income taxes, but taxes at the state level too. Of the country’s most consistently profitable large companies, a full fourth of them — 68 companies in […]
The Tennessean: Dollar General, Community Health are tax dodgers, report says
December 19, 2012
Dollar General Corp. and Community Health Systems are among Fortune 500 companies in Tennessee using loopholes to avoid paying their fair share of state corporate income taxes, according to a new report from two tax policy think tanks. Nationwide, corporate tax avoidance by 265 corporations cost all states $42 billion in lost revenues in the […]
Nashville Scene: Memphis Multinational Company Skirts Taxes
December 19, 2012
(Original Post) Posted by Jonathan Meador on Wed, Dec 7, 2011 at 12:44 PM Memphis-based International Pulp and Paper paid no state income taxes in 2008 and 2010, according to data released today by the nonprofit Citizens for Tax Justice. The data, included in the CTJ’s “Corporate Tax Dodging in the Fifty States, 2008-2010″ report, […]
The Cap Times: State firms named in tax avoidance report
December 19, 2012
(Original Post) MIKE IVEY | The Capital Times | [email protected] | @BizBeatIvey | Posted: Wednesday, December 7, 2011 12:30 pm A new report is out showing — once again — that the largest and most profitable U.S. corporations manage to skirt paying state and local income taxes. The Washington-based Institute on Taxation and Economic Policy […]
NPR: Report Shows Many Profitable Companies Pay No State Income Taxes
December 19, 2012
(Original Post) by Chris Lehman December 6, 2011 Dozens of Fortune 500 companies paid no net state income taxes over the past three years, including one in the Pacific Northwest. That’s one of the findings of a report issued Wednesday by a liberal think tank. The report examined federal Securities and Exchange Commission filings from […]
Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds
December 19, 2012
(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]
New York Times: Big Firms Limit Paying State Taxes, Study Finds
December 19, 2012
(Original Post) By MICHAEL COOPERPublished: December 7, 2011 As states have struggled to balance their budgets by cutting services, laying off workers and raising taxes, a study to be released on Wednesday suggests that many profitable Fortune 500 companies have not been paying as much in state corporate income taxes as the average levied on […]
Salon: Attack of the deadbeat corporations, Part 2
December 19, 2012
(Original Post) We already knew U.S. companies weren’t paying enough federal taxes. But the same is also true at the state level By Andrew Leonard Why do those mean people at the Citizens for Tax Justice and the Institute on Taxation and Economic Policy keep picking on American corporations? Just one month ago, they released […]
Think Progress: Corporate Tax Dodging Has Cost States More Than $42 Billion In Revenue Over The Last Three Years
December 19, 2012
(Original Post) By Travis Waldron on Dec 7, 2011 at 6:30 pm DuPont would rather sponsor race cars than pay taxes ThinkProgress has documented the repeated tax dodging of large corporations, some of which, like GE, have gone entire years without paying taxes despite hauling in massive profits. Now, that phenomenon has spread to the […]
The Ledger: Publix Underpays Taxes
December 19, 2012
(Original Post) By Kyle Kennedy THE LEDGER Published: Wednesday, December 7, 2011 at 11:13 p.m.Last Modified: Wednesday, December 7, 2011 at 11:13 p.m. LAKELAND | A report says Publix Super Markets Inc. and seven other large Florida-based companies are among 265 “consistently profitable” firms that underpay corporate taxes owed to states.Facts Three think tanks, including […]
KWGS News: Big Corporations Avoiding Taxes
December 19, 2012
(2011-12-07) OKLAHOMA CITY, OK (kwgs) – A comprehensive new study finds that many consistently profitable companies are paying little to no corporate income taxes on those profits. Out of 265 Fortune 500 companies examined, 68 managed to pay no state income tax in at least one out of the last three years, despite making almost […]
WFPL: Yum Brands Avoided State Taxes Despite Record Profits
December 19, 2012
A comprehensive study on corporate tax avoidance finds that Louisville-based Yum Brands paid no net corporate income taxes to states over the past three years despite colossal profits over $1 billion. The report was compiled by the Institute on Taxation and Economic Policy and Citizens for Tax Justice and lists 68 companies that paid no […]
The Salt Lake Tribune: Some say corporate tax-dodging hurts public schools
December 19, 2012
(Original Post) By Cathy Mckitrick The Salt Lake Tribune A new study takes aim at tax-dodging corporations, revealing that between 2008 and 2010, 68 Fortune 500 companies managed to avoid paying any state income tax for one or more of those three years. The nonprofit Institute on Taxation and Economic Policy (ITEP) was joined by […]
Lexington Herald Leader: Yum Brands avoided paying state income taxes despite large profits
December 19, 2012
(Original Post) By Linda B. Blackford — [email protected] Posted: 12:00am on Dec 8, 2011; Modified: 6:27am on Dec 8, 2011 The Louisville-based parent of such companies as Kentucky Fried Chicken and Taco Bell paid no net corporate income taxes to states over the past three years, even as it generated more than a billion dollars […]
San Francisco Chronicle: Government gets blamed for widening wealth gap
December 19, 2012
(Original Post) Marisa Lagos, Chronicle Staff Writer Thursday, December 8, 2011 The state and federal governments are largely responsible for the widening gap between the rich and poor in the United States and should institute policy changes – including reforms to the tax code and more investment in education – to help reverse this 30-year […]
The Boston Globe: Big corporations avoid state taxes, study says
December 19, 2012
(Original Post) By Beth Healy | Globe Staff December 08, 2011 Sixty-eight out of 265 Fortune 500 companies across the country paid no state corporate income taxes in at least one of the last three years, according to a new report. The companies included in the study – including EMC Corp. and Raytheon Co. […]
ABC-7 San Francisco: Profitable corporations paying minimal taxes
December 19, 2012
(Original Post) Thursday, December 08, 2011 Nannette Miranda SACRAMENTO, Calif. (KGO) — As the battle rages in California over increasing taxes or cutting state spending, a new report on corporate taxes is raising a lot of eyebrows. A surprising number of very profitable corporations are paying either very low, or even no state income tax. […]
Portland Business Journal: Intel, OCPP differ over tax report
December 19, 2012
(Original Post) Date: Thursday, December 8, 2011, 2:39pm PST – Last Modified: Friday, December 9, 2011, 6:44am PST Andy Giegerich Business Journal staff writer – Portland Business Journal Intel Corp. and a state research group disagree over whether the Portland area’s largest private employer has paid state income taxes. The disagreement stems from a report […]
Baton Rouge Business Report: Corporate profits often escape state income taxe
December 19, 2012
(Original Post) Many large U.S. corporations paid little or no state income taxes from 2008 to 2010, according to a new report by the Institute on Taxation and Economic Policy. The Baton Rouge-based Louisiana Budget Project says two Louisiana-headquartered multistate firms are included in the report: New Orleans-based Entergy, which paid state income taxes equal […]
Maryland Reporter: Study Finds Some Corporations Paid No State Income Taxes
December 19, 2012
Posted December 8, 2011 By Len Lazarick MarylandReporter.com A new study finds that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings. Among the major companies on the list that do significant business in […]
The Epoch Times: Many Large Firms Paid No State Taxes, Report Says
December 19, 2012
(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]
The Courier-Journal: Study names Yum! Brands among companies “dodging” state taxes
December 19, 2012
(Original Post) Posted on December 9, 2011 by Chris Otts A new report names Louisville-based Yum! Brands as one of 68 Fortune 500 companies that paid no state corporate income taxes in at least one year between 2008-2010, despite earning profits for shareholders. The report doesn’t say that Yum! has been shorting the state of […]
Salt Lake Tribune: Corporate tax-dodging hurts state tax revenue
December 19, 2012
(Original Post) By Cathy Mckitrick The Salt Lake TribuneFirst published Dec 08 2011 07:33AMUpdated Dec 9, 2011 11:33PM A new study takes aim at tax-dodging corporations, some with operations in Utah, revealing that from 2008 to 2010, 68 Fortune 500 companies managed to avoid paying any state income tax for one or more of those […]
Maryland Gazette: Corporations hit for ‘tax dodging’
December 19, 2012
Friday, December 09, 2011 Study says havens used to avoid paying the states on income by C. Benjamin Ford, Staff Writer Corporations may legally be people, but they’re people who often pay little to no state taxes, even when highly profitable, according to a new study on tax policy. The study by the Institute on […]
The Cap Times: Another report shows corporate taxes shrinking
December 19, 2012
(Original Post) DAVE ZWEIFEL | Cap Times editor emeritus | [email protected] | Posted: Friday, December 9, 2011 5:30 am You probably saw the story a few weeks ago that despite the official 35 percent U.S. corporate tax rate, many of the nation’s most profitable corporations wind up paying little in federal taxes. Now there’s yet […]
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