Thursday, March 14, 2024

Companies paid top executives more than they paid in US taxes – report | Business | The Guardian

Analysis by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) found the collective net federal income tax bill of all 35 companies was negative $1.72bn over the five-year stretch – meaning they collectively received more money back from the government in refunds than they paid. 

 Over the same period, executive compensation for senior executives at these firms – including salaries, bonuses, perks, benefits, stock options and stock awards – stood at $9.49bn…

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