Oregon Center for Public Policy: State corporate income taxes continue to shrink

As Oregon lawmakers consider raising corporate taxes to prevent cuts to schools and other public services, a new report finds that many of the nation’s largest corporations are paying little or nothing in state income taxes across the country. Despite reporting large profits to shareholders, these corporations are paying less to states in income taxes than just a few years ago, according to the Washington, D.C.-based Institute on Taxation and Economic Policy (ITEP).

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