<p>ITEP Highlights Corporate Tax Avoidance, Possible Solutions</p>

ITEP Highlights Corporate Tax Avoidance, Possible Solutions

Institute on Taxation and Economic Policy

The Institute on Taxation and Economic Policy in a July 29 report said 39 corporations didn’t pay federal income tax from 2018 through 2020, and outlined proposals that “could dramatically limit” this avoidance, such as raising the corporate tax rate to 28 percent or implementing a minimum tax on some profits.

<p>The Institute on Taxation and Economic Policy in a July 29 report said 39 corporations didn’t pay federal income tax from 2018 through 2020, and outlined proposals that “could dramatically limit” this avoidance, such as raising the corporate tax rate to 28 percent or implementing a minimum tax on some profits.</p>