Companies Paying the Lowest Taxes

Nov. 8, 2017
General Electric Co. and ExxonMobil have tax rates of -5.1%.

As the administration's tax plan aims to cut the corporate income tax from 35% to 20%, WalletHub analyzed annual reports for the S&P 100 — the largest and most established companies on the stock market — in order to determine the federal, state and international tax rates they paid in 2016.

 Key findings from the report:

  •  The overall tax rate that S&P 100 companies pay, around 27%, is basically unchanged since 2015.
  •  S&P 100 companies pay roughly 30% lower rates on international taxes than U.S. taxes.
  • Only two S&P 100 companies are actually paying a negative overall tax rate and are therefore due a discrete net tax benefit: General Electric Co. and Exxon Mobil Corp.
  • The average S&P 100 company pays a 12% higher tax rate than the top 3% of consumers.

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