Sixty Fortune 500 companies -- including behemoths like Amazon, Chevron and General Motors -- paid no federal income taxes in 2018. That's according to a report issued recently by the Institute on Taxation and Economic Policy, which also found that those companies received $4.3 billion in tax rebates. We'll discuss the rules that enable corporations to avoid income taxes and the impact of the 2017 Tax Cuts and Jobs Act. And we want to hear from you: Do corporations pay their fair share?
Amazon Among 60 Fortune 500 Companies Paying Zero Federal Income Tax in 2018
at 10:30 AM
(David Ryder/Getty Images)
Steven Rosenthal, senior fellow, Urban-Brookings Tax Policy Center at the Urban Institute; former legislation counsel, Congressional Joint Committee on Taxation