US Politics in Trump era Public date: 14.11.2019 12:15:01

Twice as many companies paying zero taxes under Trump tax plan

At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations, according to an analysis released today by the Washington, D.C.-based think tank, the Institute on Taxation and Economic Policy. The number is more than twice as many as ITEP found roughly, per year, on average in an earlier, multi-year analysis before the new tax law went into effect.
At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero,...

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