February 26, 2014

Oregon Center for Public Policy: Trucking Along, Avoiding Corporate Income Taxes

ITEP Work in Action

The same company whose lawsuit made it possible for corporations to side-step Oregon’s corporate minimum tax turns out to be a federal corporate income tax avoider, as well.

The trucking company Con-way had a negative effective federal income tax rate over the 2008 to 2012 period, despite making $587 million in profits over those five years. In other words, Con-way made money by filing federal tax returns.

Read the Full Report