New Report: 265 Major, Profitable U.S. Corporations’ Tax Avoidance Costs States $42 Billion Over Three Years

Sixty Eight Companies Have At Least One Tax-Free Year

The Institute on Taxation and Economic Policy and Citizens for Tax Justice Release “Corporate Tax Dodging in the Fifty States, 2008-2010”

Washington, DC—(ENEWSPF)—December 16, 2011. A comprehensive new study that profiles 265 consistently profitable Fortune 500 companies finds that 68 of them paid no state corporate income tax in at least one of the last three years and 20 of them averaged a tax rate of zero…