New Hampshire Business Review: Some NH Firms Paid Little or No Tax in 2018

Those companies are hardly unique. “Not a Dime,” a recent study by the Institute on Taxation and Economic Policy (ITEP), found that at least 60 of the Fortune 500 companies paid no taxes to the federal government in 2018, even though they made substantial profits. (There may be more, but the financial filings for the companies are so complicated, and often very vague, that the group is still working through the rest to figure out their effective tax rates.)

It isn’t just because of the recent tax act passed at the end of 2017. Corporations have been figuring out ways to avoid paying taxes for decades. Now they just have to pay a lesser rate on what income does count. Read more