ITEP Finds Corporations Paying Well Below Statutory Tax Rate

Institute on Taxation and Economic Policy

Of Fortune 500 companies, 379 profitable corporations paid an average effective tax rate of 11.3 percent for 2018, and lawmakers should make changes such as repealing the territorial tax system and reinstate the corporate alternative minimum tax to ensure higher taxes, the Institute on Taxation and Economic Policy said in a December report.

<p>Of Fortune 500 companies, 379 profitable corporations paid an average effective tax rate of 11.3 percent for 2018, and lawmakers should make changes such as repealing the territorial tax system and reinstate the corporate alternative minimum tax to ensure higher taxes, the Institute on Taxation and Economic Policy said in a December report.</p>

<p>Of Fortune 500 companies, 379 profitable corporations paid an average effective tax rate of 11.3 percent for 2018, and lawmakers should make changes such as repealing the territorial tax system and reinstate the corporate alternative minimum tax to ensure higher taxes, the Institute on Taxation and Economic Policy said in a December report.</p>

Of Fortune 500 companies, 379 profitable corporations paid an average effective tax rate of 11.3 percent for 2018, and lawmakers should make changes such as repealing the territorial tax system and reinstate the corporate alternative minimum tax to ensure higher taxes, the Institute on Taxation and Economic Policy said in a December report.