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 From 2008 through 2012, ten U.S. companies paid no state income
taxes, said the left-leaning Citizens for Tax Justice (CTJ).
Among companies named in the study were aerospace group Boeing Co,
drugmaker Merck & Co Inc and industrial group Rockwell Automation
Inc.
Companies are increasingly making deals with state lawmakers to
reduce their tax bills, said Matthew Gardner, a co-author of the
report. "There is a disturbing trend toward enacting targeted tax
breaks for specific companies," he said.
Some states did not collect corporate taxes in the years CTJ
examined, including Washington State, where Boeing was founded.
A spokesman for Boeing said it has paid hundreds of millions of
dollars in Washington State's "business and occupation" tax, which
is based on gross receipts.
Representatives for Merck and Rockwell did not immediately respond
to requests for comment on Thursday.
Of the Fortune 500 companies CTJ studied, 269 were profitable in
each of the five years examined and avoided a combined $73.1 billion
in state income taxes, the study found.
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Ninety companies paid no state taxes in at least one of the years
examined, CTJ said.
Most states rely more heavily on property, sales and individual
income taxes for revenue than on corporate taxes.
(Reporting by Patrick Temple-West; editing by Kevin Drawbaugh,
Bernard Orr)
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