US companies found ways to avoid taxes before tax cut bill: report

Retrieved on: 2018-04-10 06:07:30

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Business

United States

Economy

Income tax in the United States

Tax

Tax avoidance

Corporate tax

Tax Cuts and Jobs Act

Duke Energy Corp

Income tax

Prudential Financial Inc.

Institute on Taxation and Economic Policy

Accelerated depreciation

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<div>WASHINGTON (Reuters) - Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company <b>Duke Energy Corp</b> (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday.</div>

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