Biden has repeatedly lamented that corporations do not pay their fair share of taxes, using legal loopholes to avoid taxes. A report earlier this month by the Institute on Taxation and Economic Policy found that at least 55 of the nation’s top companies paid no corporate income taxes in 2020, despite collecting $40.5 billion in pretax income. Read more
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April 2, 2021
55 Corporations Paid $0 in Federal Taxes on 2020 Profits
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Corporate Tax Watch