February 27, 2014

North Carolina Justice Center: Duke Energy the subject of another scathing report

ITEP Work in Action

One of North Carolina’s largest, most profitable (and most controversial) corporations is the subject of renewed criticism today. A new report co-released last night by the Washington, DC-based groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy along with the North Carolina Budget and Tax Center reveals that Duke Energy has paid no federal income taxes since 2008 – a period in which it raked in more than $9 billion in profit. The report also found that Duke had paid only $3 million in state income taxes since 2010 while at the same time receiving $300 million in tax rebates.

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