These 91 Companies Paid No Federal Taxes In 2018

Nearly 100 Fortune 500 companies effectively paid no federal taxes in 2018, according to a new report. The study by the Institute on Taxation and Economic Policy, a left-leaning think tank, covers the first year following passage of the Tax Cuts and Jobs Act championed by President Donald Trump, which was signed into law in December 2017. The report covers 379 companies from the Fortune list that were profitable in 2018 and finds that 91 paid an effective federal tax rate of 0% or less. Those companies come from a wide range of industries and include the likes of Amazon, Starbucks and Chevron. Read more at CNBC.

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