90 Reasons We Need State Corporate Tax Reform

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As states struggle with tough budget decisions about funding essential public services, profitable Fortunate 500 companies are paying little or nothing in state income taxes thanks to copious loopholes, lavish giveaways and crafty accounting, a new study by Citizens for Tax Justice and the Institute on Taxation and Economic Policy reveals.

The study, 90 Reasons We Need State Corporate Tax Reform, comes on the heels of a CTJ/ITEP report that found many Fortune 500 companies also pay extraordinarily low or no federal income tax. Many profitable companies also are exploiting state loopholes to avoid paying corporate income taxes, and some are even actively pushing for more state tax breaks.

The state study examined 269 Fortune 500 companies that were profitable every year between 2008 and 2012. Some of the report’s key findings:

  • 90 companies paid no state income tax at all in at least one year, and 38 companies avoided taxes in two or more years.
  • 10 companies, including Boeing, Merck, Rockwell Automation, paid no state income tax at all over the five-year period covered by the study.
  • The average weighted state corporate income tax rate is 6.25 percent, but the 269 companies paid an average rate of just 3.06 percent.
  • The companies examined collectively avoided paying $73.1 billion in state corporate income tax.

Search for a company by name and go to its landing page to get detailed information on what the company paid in federal, state and foreign corporate income taxes, as well as information about offshore holdings and various tax breaks.

*This database includes data from our corporate studies, The Sorry State of Corporate Taxes and 90 Reasons We Need State Corporate Tax Reform, which analyzed data from 2008-2012.


Enter a Company's Name and Click on Their Page to See What They Pay:

Data on Top Tax Dodgers


Media Coverage:

Daily Kos: That Sucking Sound? It's The 73 Billion-Dollar Corporate Robbery of The States - 3/21/2014

Reuters: Some big U.S. companies dodge state income taxes - 3/20/2014

Accounting Today: Big Corporations Dodge Billions in State Taxes - 3/20/2014

The Hill: Corporations avoid state taxes - 3/20/2014

The Oregonian: 24 Oregon companies turned a profit but paid no income tax in 2011 - 3/20/2014

Public News Service: Report Highlights Illinois Companies Dodging State Taxes - 3/20/2014

Politico: Study Finds Nearly 100 Companies Don't Pay State Income Taxes - 3/20/2014





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