At least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. Some of these companies include big names FedEx, Nike, HP and Salesforce, and it’s costing the U.S. government billions of dollars. Those 55 corporations would have paid a collective total of $8.5 billion. Instead, they received $3.5 billion in tax rebates, collectively draining $12 billion from the U.S. government. These estimates don’t include corporations that paid only some but not all of these taxes, like Netflix and Amazon.
Watch the video above to learn about how the most profitable companies in the country maneuver the complicated tax system to avoid federal corporate income taxes, different forms of tax expenditures and what policy solutions may bridge the gap.
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How Companies Like Amazon, Nike and FedEx Avoid Taxes
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This is wrong
Chinese sounding like Australians speaking on US economy
This video didn’t really explain the “how”
Tax Fraud!.
Classic report. You said it.Companies run to another countries because of high taxes, so let’s increase taxes, right? I don’t want to fund Uk-Russia fraud, thank you very much.
Our nation is broke because Republicans serve the wealthy that don't work for their income.
Republicans want taxes from the poor 😂😅😅 every Republican voter is giving away their money to Republicans and getting $0 in return
So funny listening to people who clearly don’t understand how accounting/taxes work lecture you on what should happen
It does not make sense. These oligarchs should want to pay their fair share. It won't impact their lifestyles. Amazon employs thousands of people so they should get a by.
what was the russian woman said? Taz? Burnnn? Ozer zings? WTF??
More than ever the American dream is to pack up and leave this shithole
When you vote democrat but avoid taxes
And instead of being socialist and giving to the state they re invest there money back into the business to make
More jobs
IT'S TIME THAT BIG CORPORATIONS AND THE BIDEN FAMILY STARTED PAYING THEIR FAIR SHARE
Implement a straightforward flat tax system applicable to all, devoid of IRS complexities, loopholes, credits, and stimulus measures. Abandon corporate bailouts, cease funding wars and addressing illegal immigration. Enforce a universal 15% flat tax rate. While tax payments may be unpopular, they are essential for sustaining the nation. Critique the $12 billion budget of the IRS, deeming it a 90% unnecessary and a potential scam.
Reevaluate expenditures, such as the $75 billion allocated to Ukraine, considering the annual $151 billion burden imposed by illegal aliens on American taxpayers. Ponder the transformative impact of rectifying these issues, redirecting funds towards improving education and healthcare.
Makes sense, get laif off from one of the meat swallowers? You pay taxes on your unemployment.. they aren't supposed to have a political agenda to be considered a platform, haha
Why are so many New Zealanders opining on US tax laws?
5:06 man literally says McDonalds spends money on making hamburgers better 😂😂😂
1k comments
This bull $hit is coming to a end. Cause im getting my money.
Switch from income taxes to receipts taxes. Problem solved.
Ouou
Step 1, buy congressman, step 2…. step 3 profit
Well, what could we do about this?
I'm sorry but I just absolutely love it when news channels point out the problem without telling us how to solve it.
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