April 12, 2013

North Carolina Justice Center: Profiles in corporate tax avoidance- Duke Energy

ITEP Work in Action
Duke Energy at a glance
Largest electric power holding company in the U.S.; serves vast majority of NC electric consumers
Assets: $114 billion
2012 Profits: $1.792 billion
Net 2012 tax rate: -2.6% (rebate of $46 million)
2008-12 profits combine: $9.1 billion
Net 2008-12 tax rate: -3.3% ($299 million in total rebates)

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