U.S. companies that don’t pay tax
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Fifty-five of America’s largest corporations – including Nike and FedEx – paid no federal income tax on more than $40 billion in profits last year, according to the Institute on Taxation and Economic Policy
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2017: President Donald Trump signs Tax Cuts and Jobs Act cutting corporate tax rate from 35% to 21%

2021: President Joe Biden pushes for 21% minimum levy for U.S. companies’ foreign income

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Pre-tax income
Tax rebate                        

Nike $2.9bn $109m

Salesforce $2.6bn $12m

Dish Network $2.5bn $231m

FedEx $1.2bn $230m

26 corporations, including Nike, FedEx and Dish Network, have paid no federal income taxes since 2017

Corporate tax rates (2020)

U.S. proposal of 21% global minimum tax rate

30 25 20 15 10 5 0
   
France 32.0
Germany 29.9
Japan 29.7
Italy 27.8
Canada 26.8
Netherlands 25.0
Lux 24.9
Switz. 21.1
U.S. 21.0
UK 19.0
Ireland 12.5
Hungary 9.0

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Sources: ITEP, Bloomberg, Washington Post Pictures: Getty Images © GRAPHIC NEWS