Effective Tax Rate for Companies Fell to 9%

“The effective corporate tax rate on large, profitable companies declined to 9% in 2018 in the aftermath of the 2017 tax law, down from 16% in 2014, according to a Government Accountability Office report released Friday,” the Wall Street Journal report.

“The share of large, profitable companies paying no corporate taxes was 34% in 2018, up from the five-year average of 25%.”