Among lowest taxpayers were companies whose CEOs have become high-profile advocates for corporate social responsibility
Some of the US’s most profitable corporations, including General Motors, Citigroup and Netflix, have slashed their tax bills in the years since the passage of the Trump tax cuts, with nearly a quarter paying rates in the single digits and 23 paying nothing, a report has found.
The 2017 law cut the top corporate income tax rate from 35% to 21%. But the new assessment of corporate tax avoidance, published on Thursday by the non-profit Institute on Taxation and Economic Policy (Itep), found that during the first five years the law was in effect, many profitable public companies in the US paid a far lower rate in practice.
Y’all downvote and make jokes, but you haven’t provided me with any counter to my point.
What are you gonna say? “Trump bad”?
If Trump is bad and his policies are bad, why isn’t Biden crushing them? Why is it that Janet Yellen, just last month, stated Biden’s intent to continue Trump’s policy?
Y’all are twisted.
The answer is they both suck monster balls. One just sucks less than the other at the moment. Just cause “trump bad” doesn’t automatically mean “Biden awesome”
Yeah nobody likes Biden enough to make an identity out of worshiping him, I’m not sure why they don’t get that.
Cool democracy you have there. Hope you’re proud of it, because you are supporting it.