These massive companies made millions — in some cases, billions — in 2018, but didn't pay a dime in federal income taxes.
These massive companies made millions — in some cases, billions — in profits in 2018, but didn't pay a dime in federal income taxes. Tax cuts passed by the Trump administration in 2017 have made it much easier for the big corporations like Amazon, IBM, and Netflix avoid paying income taxes. Most of the companies on this list earned tax rebates larger than their income tax, effectively seeing a negative tax rate. Visit Business Insider's homepage for more stories.
These massive companies made millions — in some cases, billions — in profits in 2018, but didn't pay a dime in federal income taxes. Tax cuts passed by the Trump administration in 2017 have made it much easier for the big corporations like Amazon, IBM, and Netflix avoid paying income taxes. Most of the companies on this list earned tax rebates larger than their income tax, effectively seeing a negative tax rate. Visit Business Insider's homepage for more stories.
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