Nike and FedEx are among 26 companies that have not paid federal taxes in three years.55 of America's biggest companies paid $0 in federal taxes last year, a new study from theThe 55 publicly traded companies would have paid an estimated $12 billion in federal taxes if not for corporate tax breaks in 2020, including $8.5 billion in tax avoidance and $3.5 billion in tax rebates, the report found using regulatory filings and other information.
The news comes at the same time President Joe Biden looks to raise taxes on corporations. The White House
Taxes really are for the poor..
ZhugeEX They need to fix these tax laws so these companies can pay up...pass a law that treat these companies like citizens where they can be charged taxes even if they run to another country..use the dual citizenship tax law if they were founded here been here all this time charge them
Biden is giving them more PPP $$.
While the poor man goes to prison Nike FedEx.
Thieves. Punish them
Good for them !
ZhugeEX The land of the corporations
But god forbid the US raises corporate taxes to pay for infrastructure investments that power these businesses.
Make these corporate giants pay up!! Stop them from evading taxes.
BITech What the hell?
This can be easily fixed by introducing a minimum revenue tax that a company must pay a minimum tax based on revenue and its size when it has zero or very little profit. New company is exempt for a few years.
Such BS. Depreciation is a real thing. BI is a far left kook site.
More good news please(((