The Tennessean: Dollar General, Community Health are tax dodgers, report says
media mentionDollar 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.