Home News Effective tax rates for businesses fall to 9%

Effective tax rates for businesses fall to 9%

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“The effective corporate tax rate on large, profitable companies declined to 9% in 2018 in the aftermath of the 2017 tax law, down from 16% in 2014, according to a Government Accountability Office report released Friday,” the Wall Street Journal report.

“The share of large, profitable companies paying no corporate taxes was 34% in 2018, up from the five-year average of 25%.”

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