Page 4 - ஸ்காட் பிளேக் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ohio Capital Journal Photo from Getty Images. They’re making billions and they’ve gotten hefty subsidies from ratepayers. Yet three big energy companies doing business in Ohio haven’t paid federal income tax since the 2017 Trump tax cuts, according to a new report. In fact, Akron-based FirstEnergy, Columbus-based AEP and Charlotte, N.C.-based Duke Energy had negative effective tax rates, according to the report by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan think tank.  The paper, which analyzed tax disclosures in the corporations’ annual reports, found that 55 profitable companies didn’t pay any federal income tax in 2020, and 26 hadn’t paid any in the three years since the Trump tax law, known as the “Tax Cuts and Jobs Act.”

United statesDonald trumpMark durbinScott blakeJoe bidenInstitute on taxationN duke energyAkron based firstenergyDuke energyEconomic policyJobs actPresident donald trumpHope butlerHouse billOhio consumer counselஒன்றுபட்டது மாநிலங்களில்