These 8 profitable tech giants paid less in federal taxes than you did last year

<p>The Trump tax law reduced the corporate income tax rate to 21%, but new loopholes provided by the law allowed many U.S. companies to pay far less.</p><br /><p>A number of well-known tech companies have the dubious honor of paying zero (or less than zero) corporate income taxes in the first year after the passage of the Trump tax law. That&#x2019;s according to a new review by the Institute on Taxation and Economic Policy, which looked at taxes paid in 2018&#x2014;the first full year with the tax breaks in effect&#x2014;by America&#x2019;s biggest (profitable) companies.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>

from The Internet Marketing News | Published News https://ift.tt/36K4C4i