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Corporations in the United States pay federal corporate income taxes levied at a 21 percent rate. Forty-four states and D.C. also levy taxes on corporate income, with top marginal...
While there are many factors that affect a country's economic performance, taxes play an important role. A well-structured tax code is easy for taxpayers to comply with and can pro...
In 2025, 706 major American corporations collectively paid a federal income tax rate of just 10.4% on $1.88 trillion in U.S. profits. This is the lowest effective rate that ITEP ha...
TurboTax maker Intuit reported nearly $6 billion in U.S. profits in 2025 and paid no federal income tax. Instead, the company received a refund, thanks in part to new tax breaks fr...
The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.
Corporation tax payments shot up by 32.5% last month to €2.8 billion when compared to August 2025, partly due to some large multinationals being charged a higher rate of tax.
In addition to the federal estate tax, which has a top marginal rate of 40 percent, 12 states and the District of Columbia impose estate taxes, while five states levy inheritance t...
New ITEP Study: Major Corporations Paid Lowest Federal Tax Rate in Decades Following Trump Tax Cuts 706 profitable corporations paid just 10.4% in current federal income taxes in 2...
Meta is claiming the research tax credit – a tax break meant to encourage innovation and experimentation – to pay for the equipment it uses in data centers to power its AI activiti...
The projected U.S. tax rates give tax professionals an early look at potential adjustments that could affect their 2027 tax planning for their clients.
OBBBA’s expensing provision is becoming especially lucrative for the companies building out AI infrastructure right now. There is no evidence whatsoever that tax breaks are necessa...
Multinationals brought forward tax payments, boosting September receipts but prompting the Department of Finance to lower its near-term forecast
Sebastian Dyrda (Toronto, Dept. Econ.), Guangbin Hong (Michigan State, Dept. Econ.), Muhammad Ali Sajid (Toronto, Dept. Econ.) & Joseph B. Steinberg (Toronto, Dept. Econ.), Glo...
There was a 168% surge in corporation tax mostly paid by multinationals last month as the Government enters the final days of preparation for the Budget.
A generous tax break on capital investments Republicans created in 2025 wasn't designed specifically for the AI boom, but hyperscalers are making the most of it.
As energy prices have declined, European countries have switched the focus of their windfall profits taxes—a one-time tax levied on a company or industry when economic conditions r...
In some European countries, the government pre-fills forms for tax filers. In others, citizens have to think about 300 different taxes.
Americans will spend 6.9 billion hours complying with IRS tax filing and reporting requirements in 2026, costing about $387 billion in lost productivity. Including an additional $1...
In September 2026, the Congressional Budget Office reported a 25% year-over-year decline in corporate tax receipts, based on the first eleven months of the 2026 federal fiscal year...
Some countries collect over 40% of GDP in taxes. Others collect less than 2%. See how countries around the world compare.
As EU members face fiscal austerity under the revised Stability and Growth Pact, Ireland finds itself an outlier. In early October, Ireland’s government proposed a budget rife with...
Celtic’s corporation tax charges over the past three financial years have reached a staggering £23.56 million. The club recorded charges of £7.37m in 2023, £4.44m in 2024 and £11.7...
WASHINGTON — Corporate tax revenue has fallen precipitously under President Donald Trump even as companies’ profits have surged to record highs, a divergence that began after Repub...
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