Many large U.S. corporations have not paid taxes for years

By: Trademagazin editor Date: 2021. 04. 01. 11:04

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More than two dozen large U.S. corporations have not paid a penny in taxes to the federal coffers for the third year in a row, even though they are all profitable – Világgazdaság quotes a recent study.

At least 26 large U.S.-registered corporations, including FedEx, Duke Energy or Nike, have not contributed a single tax dollar to federal government revenue since 2018, according to a study reported by the New York Times.

At the same time, Biden plans to eliminate loopholes in tax breaks and full exemptions by setting a minimum tax liability for all companies.
The White House anticipates that this could bring two thousand billion dollars in extra tax revenue to the federal treasury in 15 years. (vg.hu)