U.S. Perceptions of 'Fair' Income Taxes Hold Near Record Low
The 46% of U.S. adults who say their income taxes are fair essentially matches the record-low 45% from 1999.| Gallup.com
The 46% of U.S. adults who say their income taxes are fair essentially matches the record-low 45% from 1999.| Gallup.com
Key Findings To avoid taxation, American corporations use accounting gimmicks that make profits appear to be earned in foreign jurisdictions…| ITEP
The deduction for Foreign-Derived Intangible Income (FDII), one of the tax cuts included in former President Trump’s signature 2017 tax law, provides a lower effective tax rate on income earned from intangible assets, such as patents, trademarks, and other forms of intellectual property. Since the law went into effect in 2018, 15 corporations have separately reported more than $1 billion in tax benefits. Alphabet (the parent company of Google) reported the most, at more than $11 billion in ...| ITEP
