https://finance.yahoo.com/news/companies-paying-zero-taxes-trump-law-155944124.htmlBig businesses are faring better than ever under the Trump era tax law, the Tax Cuts and Jobs Act (TCJA).
According to analysis from the Institute on Taxation and Economic Policy (ITEP), 60 Fortune 500 companies avoided paying all federal income tax in 2018 (with their total average effective tax rate being roughly -5%).
That’s more than three times the number of companies that avoided paying corporate taxes on average from 2008 to 2015. During that period, 18 companies managed to pay 0% or less (with their total average effective tax rate over 8 years being roughly -4%).
