Dollar General Corp. and Community Health Systems are among Fortune 500 companies in Tennessee using loopholes to avoid paying their fair share of state corporate income taxes, according to a new report from two tax policy think tanks.
Nationwide, corporate tax avoidance by 265 corporations cost all states $42 billion in lost revenues in the past three years, The Institute on Taxation and Economic Policy and Citizens for Tax Justice concluded. The report is titled: “Corporate Tax Dodging in the Fifty States, 2008-2010.”
FedEx, International Paper, and AutoZone were among other Tennessee companies also mentioned as for having corporate tax rates of less than 3 percent overall from 2008 to 2010.
Tennessee’s corporate income tax rate is 6 percent, the think tanks said.
