May 1, 2017

The Boston Globe: Seven Large Massachusetts Companies Cited as Paying No or Little State Tax

media mention

According to an Institute on Taxation and Economic Policy study of state taxes reported by large corporations, 240 avoided $126 billion in state corporate income taxes between 2008 and 2015.

Despite posting profits, 92 of the 240 firms paid no state income tax in at least one of the eight years, according to the institute, a left-leaning research group based in Washington, D.C. Those included Waltham-based Thermo Fisher Scientific Inc., which the group said paid no state taxes in 2015, even though the laboratory supplies giant reported hundreds of millions in profits.

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