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55 Corporations Exploit Old and New Loopholes to Pay $0 in Federal Taxes in 2020

April 2, 2021 – In 2020, a year marked by a pandemic, small business closures and widespread job loss for ordinary people, many major U.S. corporations remained profitable and 55 of them paid $0 in federal corporate income taxes on a combined $40 billion in profits, the Institute on Taxation and Economic Policy (ITEP) said today. They secured a zero-tax liability […]