Institute on Taxation and Economic Policy (ITEP)

Corporate Taxes

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Intuit Helped Limit Americans’ Tax Filing Options While Raking in Millions in Tax Breaks

• By Joe Hughes

As tax filing season begins, families have fewer options than last year, thanks to the heavy lobbying efforts of big tax-preparation corporations like Intuit (the parent company of TurboTax).

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Show Me Where We’re Going: Missouri’s Fiscally Irresponsible Path Will Be Paid for by Everyday People

• By Logan Liguore

Missouri lawmakers have been pushing regressive and shortsighted tax policies that undermine everyday workers and sabotage the Show-Me State’s ability to raise revenue.

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Don’t Be Fooled by Treasury’s Jekyll and Hyde Approach to Tax Enforcement

• By Matthew Gardner

While this guidance is sorely needed to clean up the mess created by a hasty Congress, these notices stand in sharp contrast to the deregulatory, anti-tax approach that the Treasury Department has taken.

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2025: The Year in Tax Policy

• By ITEP Staff

From Congressional discussions over the so-called "One Big Beautiful Bill Act" to debates on property taxes, ITEP kept busy this year analyzing tax proposals and showing Americans across the country how tax decisions affect them.

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10 Reasons Why the U.S. Should Reform Its Corporate Income Tax

• By Steve Wamhoff

The U.S. needs a tax code that is more progressive and that raises more revenue than the one we have now. An important way to achieve this is to reform the taxation of business profits.

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President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.

• By Logan Liguore

Corporations have publicly revealed that they are passing the cost of tariffs on to Americans—the opposite of what the executive branch has said is happening.

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Tax Haven Data Demonstrate Need for Global Minimum Tax Despite Opposition from Trump Administration

• By Steve Wamhoff

American corporations use accounting gimmicks to make profits appear to be earned in tax havens. This widespread problem could be fixed by Congress enacting legislation to implement a minimum tax on corporations that meets the standards of the global minimum tax that other countries have begun to implement.

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Not-So-Free Kick: How the 2026 FIFA World Cup Will Cost Cities Millions

• By Page Gray

FIFA demanded sales tax breaks on World Cup Tickets. That means millions in lost revenue for host cities already shouldering the costs on providing infrastructure, security and logistics.

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States Are Opening a Pandora’s Box of Data Centers

• By Page Gray

State governments are rushing to offer billions of dollars in subsidies to data center construction, apparently without understanding their full costs.

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Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta

• By Matthew Gardner

Meta’s earnings setback is entirely attributable to an important tax reform championed by the Biden administration in 2022.

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Oil and Gas Companies Are Paying Less Tax to the U.S. than to Foreign Governments

• By Matthew Gardner

Since 2017, these companies paid $135 billion in income taxes to foreign governments, but just $29 billion to the U.S.

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Why States Shouldn’t Go Along With OBBBA’s Corporate Tax Breaks: A Practical Guide

• By Nick Johnson, Michael Mazerov

States should immediately decouple from four costly corporate tax provisions in the new federal tax law.

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Well, That Was Fast: Trump Tax Law’s New Corporate Breaks are Already Worsening the Deficit

• By ITEP Staff

Corporate income taxes for the fiscal year that ended in September are $77 billion lower than in the previous year, a 15 percent drop.

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Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?

• By Matthew Gardner

If Coca-Cola only pays 3% of the $18 billion tax bill it's facing, then the rest of us will have to pick up the remaining 97%. 

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Leaving Billions on the Table: Trump-Induced Brain Drain Leaves the IRS Struggling to Prevent Corporate Tax Avoidance

• By Matthew Gardner

The IRS's capacity to prevent big multinational corporations from avoiding income taxes is facing a generational crisis.

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Corporate Tax Transparency’s Disappearing Act

• By Spandan Marasini

What currently stands in the way of better corporate tax transparency.

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Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congress

• By Matthew Gardner

A drafting error in the 2017 tax law will cost U.S. taxpayers over $1 billion in unintended tax cuts for big multinationals.

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Americans Want to Know Which Corporations Aren’t Paying Taxes, but House Republicans Want to Keep this Information Secret

• By Matthew Gardner

The appropriations plan released by House Republicans this weekend threatens to withhold funding for an obscure but vital financial oversight board because that board now requires corporations to disclose basic information about their income tax payments (or lack thereof).

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GOP Megabill Breaks America’s Promise to Future Generations

• By Amy Hanauer

This country’s biggest historical challenge has been delivering this progress to all Americans, but Republicans have cut it back for everyone, retreating from many 20th century achievements in ways that will slam doors, rather than opening them, for the next generation.

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Five Issues for States to Watch in the Federal Tax Debate

• By Dylan Grundman O'Neill, Kamolika Das, Marco Guzman, Miles Trinidad, Neva Butkus

This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid, allowing more generous tax write-offs for businesses, offering new avenues for capital gains tax avoidance to people contributing to private school voucher funds, carving tips and overtime out of the tax base, and re-upping Opportunity Zone tax breaks for wealthy investors.

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House Bill’s $164 Billion Giveaway to Multinational Corporations Puts America Last

• By Sarah Austin

The House of Representatives’ recently passed tax bill changes course on taxing multinational corporations engaged in shifting U.S. profits overseas, offering massive tax giveaways that weaken American revenues and risk sending more American corporate investment offshore.

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Trump 2025 Tax Law: Research and Resources

• By ITEP Staff

Want to know more about the tax and spending megabill that President Trump recently signed into law? We've got you covered.

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It’s Tax Day. You’ve Paid Your Share, but the Billionaires Haven’t.

• By Amy Hanauer

You likely had most of your federal taxes deducted from your paychecks throughout the year. This is not true, however, for mega-millionaires and billionaires, some of whom are practically running our government right now.

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Philadelphia Mayor’s Proposal to Cut Business Taxes is Illogical and Imprudent

• By Kamolika Das

Mayor Cherelle L. Parker’s proposal to cut the city’s business income and receipts tax (BIRT), based off the Philadelphia Tax Reform Commission’s recommendation, is illogical and imprudent. This is more than the city spends each year on homelessness services, public health, the streets department, and countless other programs that directly benefit residents.

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What the Wall Street Journal Editorial Board Got Wrong About Tesla’s Tax Avoidance

• By Matthew Gardner

Tesla’s income tax avoidance is still in the news, and that’s a good thing.