Matthew Gardner
-
media mention May 4, 2021 New York Times: Amazon Had a Big Year, but Paid No Tax to Luxembourg
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, said Amazon’s Luxembourg filing showed why there was such urgency, not… -
media mention April 30, 2021 Associated Press: Biden’s corporate tax plan takes aim at income inequality
“It’s a terrific plan,” said Matthew Gardner, senior fellow at the left-leaning Institute on Taxation and Economic Policy. “We cannot have a sustainable corporate tax system until we solve this… -
media mention April 29, 2021 USA TODAY: Biden cites left-leaning study that 55 of top U.S. companies paid no federal income taxes
The ITEP report was based on a review of annual financial records by the nation’s largest publicly traded companies for their most recent fiscal year. Wamhoff noted that Biden on… -
media mention April 28, 2021 89.3 WFPL: LG&E’s Parent Company Paid No Federal Taxes Last Year (Kentucky)
In a year when Kentuckians struggled to pay their utilities bills because of a global pandemic, Louisville Gas and Electric’s parent company paid nothing in federal taxes. PPL reported around… -
media mention April 26, 2021 Morning Call: PPL Corp. and other companies with Lehigh Valley ties paid zero U.S. taxes in 2020
Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy and co-author of the organization’s report, said PPL documents show the company made pre-tax U.S. income of… -
media mention April 23, 2021 Bloomberg: Firms Shuffle Intangible Assets Abroad Despite U.S. Tax Break
President Joe Biden and other Democrats have said FDII has been ineffective and should be replaced or revamped. While the concerns they’ve voiced about FDII aren’t directly related to the… -
media mention April 15, 2021 Washington Post: Biden proposals may not guarantee all Fortune 500 corporations pay federal income taxes, experts say
Of the 55 corporations that did not pay federal income taxes in 2020, only five had more than $2 billion in net income, according to the report by the Institute… -
media mention April 14, 2021 Common Dreams: Jayapal Calls for Crackdown on Wealthiest After IRS Chief Says Tax Evasion Costs US $1 Trillion a Year
Furthermore, another recent study by the Institute on Taxation and Economic Policy (ITEP) showed that 55 U.S. corporate giants paid $0 in federal income taxes last year, and 26 of… -
media mention April 14, 2021 Willamette Week: Nike’s Tax Bill in Oregon Is a Secret. We Asked Three Analysts to Make an Estimate.
The breakdown of that percentage among states is impossible to know, [Matthew Gardner, ITEP Senior Fellow] says, especially considering not every state has the same single-factor corporate tax structure that… -
media mention April 10, 2021 CNN: Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much
Amazon (AMZN) isn’t doing anything illegal or improper — or unusual. Few corporations pay 21% of their reported pre-tax earnings in corporate income tax. That’s because there are many ways… -
media mention April 8, 2021 Bloomberg: Biden Tax Plan Seen Hitting Tech, Pharmaceutical Companies
The provisions — part of the administration’s plan to finance a $2.25 trillion infrastructure package — mean that tech and pharmaceutical companies could lose many of the tax-planning tools that… -
media mention April 7, 2021 Salon: America’s Biggest Corporations Paid No Federal Income Taxes Last Year: Study
According to a new study, conservative policies look to have helped a handful of large companies mooch off the federal government in 2020. The Institute on Taxation and Economic Policy,… -
media mention April 7, 2021 Akron Beacon Journal: FirstEnergy, AEP among 55 Companies that Paid Zero Federal Income Taxes in 2020, Report Shows
FirstEnergy and AEP also were among 26 profitable companies that for three years, from 2018 to 2020, took legal deductions that allowed them to pay zero federal income tax, according… -
media mention April 6, 2021 (Connecticut) Middletown-Press: Stamford-based Charter Communications Paid No Federal Income Taxes in 2020, New Report Shows
The treatment of Charter and the 54 other companies “continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of… -
media mention April 6, 2021 Bloomberg: Biden Tax Plan Seen Hitting Tech, Pharmaceutical Companies
The provisions — part of the administration’s plan to finance a $2.25 trillion infrastructure package — mean that tech and pharmaceutical companies could lose many of the tax-planning tools that… -
media mention April 5, 2021 CBS News: Dozens of Profitable U.S. Companies Haven’t Had a Federal Tax Expense since Trump’s Rate Cut
More than two dozen large U.S. companies have made a collective $77 billion in domestic profits in the past three years without any expectation of having to immediately pay federal… -
media mention April 5, 2021 Wall Street Journal: A 28% Tax Rate Will Cost Companies, but Not Equally
Supporters say the tax increase cannot be looked at in isolation. Domestic companies and American workers stand to benefit from the Biden administration’s proposal to spend more than $2 trillion… -
media mention April 5, 2021 Washington Post: Dozens of America’s Biggest Businesses Paid No Federal Income Tax Again
Fifty-five of the nation’s largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and… -
media mention April 2, 2021 New York Times: No Federal Taxes for Dozens of Big, Profitable Companies
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions… -
media mention March 24, 2021 CBS News: Zoom’s pandemic profits exceeded $670 million. Its federal tax payment? Zilch
“We are only taxing about half of all corporate profits,” observed Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, which put out a report on… -
media mention March 23, 2021 Salon: Zoom Increased Profit by 4,000% during the Pandemic — but the Company Paid $0 in Federal Income Tax
The U.S.-based online video chat platform Zoom has seen its profits skyrocket by 4000% during the Covid-19 pandemic thanks to the growing reliance on remote work and schooling, but an… -
media mention March 23, 2021 Business Insider: Zoom Paid $0 in Federal Taxes on $664 Million in Pandemic Profits, Mostly by Paying Executives Stock Options
“Companies that compensate their leadership with stock options can write off, for tax purposes, huge expenses that far exceed their actual cost,” Matthew Gardner, a senior fellow at the Institute… -
media mention March 23, 2021 New York Post: Zoom Paid No Federal Income Tax Last Year amid Pandemic Profit Surge
The Silicon Valley firm appears to have achieved that feat largely thanks to its use of stock-based compensation for employees, which helped reduce its worldwide tax bill by more than… -
media mention March 22, 2021 Common Dreams: Zoom Paid $0 in Federal Income Taxes on 4,000% Profit Increase During Pandemic: Report
The U.S.-based online video chat platform Zoom has seen its profits skyrocket by 4000% during the Covid-19 pandemic thanks to the growing reliance on remote work and schooling, but an… -
media mention March 18, 2021 The Hill: A Straightforward Way to Pay for Biden’s Recovery Plan (Opinion)
Now that President Biden and Congress have enacted a $1.9 trillion COVID-19 relief measure, the president will soon provide details for the second item on his agenda, a major recovery plan. The package could include some of the tax increases on which he campaigned to pay for new spending.