ipl-logo

Pros And Cons Of Profitable Companies Paid No Taxes

482 Words2 Pages
Profitable Companies Paid No Taxes?

How U.S. Corporations Decrease Income Tax Liability The United States income tax system has been one of the leading topics of debates, personal and presidential, for a number of years. The current tax rate for corporations, stated as 35%, has been blamed for driving businesses overseas, contributing to the loss of businesses and jobs nationwide. President Donald Trump addressed this issue as well, as he made promises to reform the system by reducing the corporate tax rate to 15%; thereby, bringing businesses and jobs back to America (de Rugy, 2017). If the corporate tax rate is 35%, how are profitable corporations able to have a zero tax liability and/or receive rebates as well? According to an article
Open Document