Profitable Fortune 500 Companies in Kentucky Avoid Paying Millions in State Corporate Income Taxes

Kenny Colston
April 27, 2017
Kentucky Center for Economic Policy

Despite strong profits for the nation’s biggest and most successful multistate corporations, a large share of Fortune 500 businesses — including some Kentucky-based companies — are paying taxes at a rate much lower than established tax rates, with some paying no taxes at all, according to a new report by the Institute on Taxation and Economic Policy (ITEP). 

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