For immediate releaseContact Zach Schiller, 216.361.9801or Jenice Robinson, 202.277.8750Two Ohio companies — American Electric Power and FirstEnergy — were among the 26 major companies that in the aggregate paid no federal income tax over the five-year period between 2008 and 2012. Most companies included in this new study aren’t paying anywhere near the statutory 35 percent tax rate.
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Many of America’s most profitable corporations pay little or no federal income taxes; Multinationals pay higher rates abroad than in the U.S.
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Ohio has bipartisan models for changing course on data center tax breaks