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Close Corporate Loopholes

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Well Being In the Nation Network

Tax loopholes are ways to avoid paying taxes. The United States has one of the world's highest corporate income tax rates, at 35%. Yet hardly any corporation pays that rate, and many corporations pay no taxes at all, due to corporate tax loopholes. For example, companies count revenue overseas or give stock options to top executives at a discount. It is estimated that U.S. corporations avoid paying $90 million in taxes a year by using tax loopholes.

Resources & Tools

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Tax and Regulatory Reform Policy Guide
Resource - Guide/handbook
Published on 04/20/2021

Data & Metrics

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Advancing Equitable Economies Policy Library
Published on 04/20/2021