AEP / Duke Energy / FirstEnergy

FirstEnergy, AEP and Duke Energy paid no income tax in 2010

WASHINGTON, DC — “We also took a look at the size of the total tax subsidies received by each industry for the 280 companies in our study. Notably, 56 percent of the total tax subsidies went to just four industries: financial, utilities, telecommunications, and oil, gas & pipelines. . . . 39 of the 67 companies in our survey that paid less than 10% in taxes over the full 2008-10 period were in these four industries.”

— Robert S. McIntyre, Citizens for Tax Justice; Matthew Gardner, Institute on Taxation and Economic Policy; Rebecca J. Wilkins, Citizens for Tax Justice; Richard Phillips, Institute on Taxation and Economic Policy, “Corporate Taxpayers & Corporate Tax Dodgers 2008-10,” November 2011

Read the report

facebooktwittermail
Tags: , ,