Corporate Tax Rates — Winners and Losers
By USDR
| Companies Paying the Highest Taxes (Overall Tax Rate) |
Companies Paying the Lowest Taxes (Overall Tax Rate) |
||||
| 1 | General Electric (79.2%) | 1 | General Motors Company (-34.3%) | ||
| 2 | Kinder Morgan (73.1%) | 2 | Chevron (2.7%) | ||
| 3 | Amazon.com (60.6%) | 3 | Mondelez International (7.5%) | ||
| 4 | Colgate-Palmolive (44.0%) | 4 | Twenty-First Century Fox (12.6%) | ||
| 5 | Unitedhealth Group (42.6%) | 5 | Amgen (13.0%) | ||
| 6 | Lowe’s Cos (42.4%) | 6 | Lilly Eli & Co. (13.7%) | ||
| 7 | Facebook (40.5%) | 7 | Intl Business Machines (16.2%) | ||
| 8 | CVS Caremark (39.3%) | 8 | Gilead Sciences (16.4%) | ||
| 9 | Union Pacific (37.7%) | 9 | Google (16.8%) | ||
| 10 | Comcast (37.1%) | 10 | Merck & Co. (17.4%) | ||
Key Stats
- The overall tax rate that S&P 100 companies pay is around 28 percent.
- S&P 100 companies pay roughly 44 percent lower rates on international taxes than U.S. taxes.
- Tech companies, including Apple, Cisco Systems and Google, are still paying more than 25 percent lower rates abroad, continuing the trend from 2013 and 2014.
- Only one S&P 100 company is actually paying a negative overall tax rate and is therefore due a refund: General Motors Company.
- The average S&P 100 company pays a 22 percent higher tax rate than the top 3 percent of consumers.
For the full S&P 100 Tax Rate report, please visit:
https://wallethub.com/edu/corporate-tax-rates/28330/
https://wallethub.com/edu/corporate-tax-rates/28330/