Matthew Gardner

“Something like $1.5 billion in future taxes that they had promised to pay, just vanished,” said Matthew Gardner, an analyst at the liberal Institute on Taxation and Economic Policy in Washington. “The…

Tax policy experts told us they aren’t sure how much the impeachment inquiry has cost since Speaker Nancy Pelosi announced it Sept. 24. “I can’t think of anyone who’s tried to calculate…

A leaky corporate income tax ultimately shifts more of the cost of Florida government from corporations onto others, including low- and middle-income families, said Matt Gardner, a senior fellow at…

The Treasury Department should tread cautiously in weakening these rules now while Democratic lawmakers are eager to repeal large portions of the 2017 tax overhaul, said Matt Gardner, a senior…

As Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, puts it in a blog, the joint statement likely reflects more of a fear of shifting…

“The administration based the big 2017 tax cut on the idea that it would spur economic growth,” says Matthew Gardner, a senior fellow at the Institute on Taxation and Economic…

Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said there are sensible reasons to ask whether these tax breaks are more generous than they should…

Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, emailed this morning to say that I was reading the below section of the 10-K backward. Rather…

“I’ll cheerfully acknowledge that [the current provision] is not what we want to really know, but it’s also the closest thing we’re ever going to see,” said Matt Gardner, senior…

Sixty of America’s Fortune 500 corporations paid nothing — or got refunds — for 2018, according to a report released last month by the Institute on Taxation and Economic Policy…

Identifying companies that pay nothing in federal taxes is no easy task, said Matthew Gardner, one of the authors of the IATEP report, and he suspects there are far more…

“The 2017 tax act, through its omission of true tax reform, really does leave a lot of opportunities available to Congress, starting in 2020, to broaden the tax base in a way that could raise a substantial amount of money,” says Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy. The Trump administration’s tax legislation, known as the Tax Cuts and Jobs Act, did little to close corporate tax breaks enjoyed by oil and gas and other industries, according to Gardner, “and in fact made some of the biggest tax breaks even bigger.”

While millions of Americans had to cut Uncle Sam a check this year to pay their tax bill, 60 of the Fortune 500 companies paid zero taxes on their revenue,…

ITEP senior fellow was featured on this Tax Day podcast. To listen, visit: https://www.newsweek.com/republican-tax-cuts-trump-wage-increases-879800

Amazon. Delta Air Lines. Chevron. IBM. General Motors. Molson Coors. Eli Lilly. What do these companies have in common? They paid no federal taxes last year. Thanks to President Trump’s…

Spending on research and development climbed slightly. Capital expenditures rose because Alphabet Inc. and Facebook Inc. almost doubled spending in that category. Apple Inc. and its partners have yet to…

Corporations — they’re just like us. They, too, have to file income taxes every year. But unlike most of us, they have teams of accountants who can minimize their tax…

The change cut the tax rate from 35 percent to 21 percent and allowed companies to take advantage of deductions, tax credits and rebates. That change alone is projected to…

The controversial Tax Cuts and Jobs Act, signed by President Donald Trump in December 2017, lowered the corporate tax rate to 21 percent from 35 percent, among other cuts. That’s…

The report cites data released Thursday from the left-leaning Washington, D.C., think-tank the Institute on Taxation and Economic Policy (ITEP). ITEP reported that the companies listed used a “diverse array of legal tax…

Tax season is upon us–and by us, I mean everyone who is not Amazon, Netflix, Chevron, or pharmaceutical manufacturer Eli Lilly and Co., because they are among the 60 or so…

On this edition of Your Call, we’ll ask who bears what share of the tax burden and where their money goes. Donald Trump’s 2017 tax law gave most of its…

In this CNBC video, Matthew Gardner, ITEP senior fellow, outlines how Amazon got away with paying no federal taxes for the last two years. https://www.cnbc.com/2019/04/03/why-amazon-paid-no-federal-income-tax.html

Matt Gardner, a senior fellow with the Institute for Taxation and Economic Policy, a nonpartisan, liberal think tank, said GM’s announcement confirmed economists’ arguments regarding the tax cuts. “Corporations will…

Its 10-K estimates its federal income tax liability at $-22.176 for 2018 — hence ITEP’s conclusion that it won’t pay the government any money for the year. “When I say…