Corporate profits are surging to record levels, yet many of the nation’s biggest corporations are barely paying any taxes. Indeed, new CAP analysis of recent Fortune 100 investor filings finds that 19 of the largest profitable corporations in America are paying effective tax rates that are in the single digits—or paying nothing at all.
Despite record profits in 2021, many corporations are paying barely any taxes
19 profitable Fortune 100 corporations that reported they will owe little or no taxes for 2021
— source americanprogress.org | Ryan Koronowski, Jessica Vela, Zahir Rasheed | Apr 26, 2022