Palm Beach Post: NextEra Energy disputes report saying it paid no income taxes

The study, The 35 Percent Corporate Tax Myth conducted by the left-leaning Institute on Taxation and Economic Policy in Washington, D.C., examined eight years of data on federal income taxes of 258 profitable companies.

NextEra Energy spokesman Mark Bubriski called the report a stunt that intentionally leaves out relevant context in order to paint a negative picture.

“The reality is, we are investing billions of dollars in advanced energy infrastructure across the country, and paying billions of dollars in taxes,” Bubriski said.

In 2015, the ITEP report said NextEra paid $10 million on $3.9 billion in profits, and paid a similar amount in 2010 as well, Gardner said. NextEra owed no taxes in 2008, 2009, 2011, 2012, 2013 and 2014, according to the study.

“Over the past eight years from 2008 to 2015, NextEra Energy made $21.5 billion in U.S. profits on which they paid no taxes as a whole,” said Matthew Gardner, an ITEP senior fellow and lead author of the report. “However, there were specific years, most notably 2015, in which the company did pay some small amount of taxes.” Read more

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