Amazon, Netflix, IBM Among 60 Profitable Fortune 500 Companies That Avoided All Federal Income Taxes in 2018 Under Trump’s Tax Law
At least 60 companies reported 2018 federal tax rates amounting to effectively zero, or even less than zero, on U.S. pretax income, more than twice as many compared to previous years — a partial result of the 2017 Trump tax law — according to a new report.