Fifteen (of Many) Reasons We Need Real Corporate Tax Reform: Companies From Various Sectors Use Legal Maneuvers to Avoid Taxes

For decades, companies in a range of economic sectors have manipulated the tax system to avoid paying taxes on billions of dollars in U.S. profits. The major tax cut recently enacted by Congress will likely allow for this tax avoidance to continue. This report examines 15 corporations’ federal income tax disclosures for the 2017 tax year, the last year before the recently enacted tax law took effect, to shed light on the widespread nature of corporate tax avoidance and the necessity of corporate tax reform.