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- Tennessee Valley Authority. > Year founded: 1933. > Industry: Energy. Established by President Franklin Roosevelt on May 18, 1933, the Tennessee Valley Authority, or TVA, is the oldest government corporation in operation.
- Federal Deposit Insurance Corporation. > Year founded: 1933. > Industry: Banking. The Federal Deposit Insurance Corporation, or FDIC, was established on June 16, 1933, under Roosevelt during the Great Depression.
- Export-Import Bank. > Year founded: 1934. > Industry: International trade. Founded on Feb. 2, 1934, by Roosevelt, the Export-Import Bank was established to facilitate international trade between the United States and foreign countries and assist American companies during the Great Depression.
- Federal Prison Industries (UNICOR) > Year founded: 1934. > Industry: Inmate rehabilitation. Federal Prison Industries, known as UNICOR, was established by Congress on June 23, 1934, with the mission of offering prison inmates job training programs.
- Fortune 100 Companies Benefiting from The Current Tax System
- Fortune 100 Companies with Effective Tax Rates of Less Than 10 Percent
- Conclusion
- Methodology
Corporations such as AT&T, Charter Communications, American International Group (AIG), and Dow reported that they will pay negative effective federal income tax rates on their U.S. profits for 2021, effectively enjoying tax refunds instead. (see Methodology for more details on these tax rate calculations) 1. AT&Treported that it will pay no federal...
Meanwhile, huge, highly profitable corporations such as Amazon, ExxonMobil, Microsoft, JPMorgan Chase, Verizon, FedEx, Ford, General Motors (GM), Bank of America, Chevron, UPS, MetLife, Merck, Nike, and Coca-Cola all enjoyed effective tax rates of less than 10 percent—or less than half the federal statutory rate. 1. Amazon’s effective federal incom...
This status quo can be changed. Polls show that raising taxes on corporations is among the most popular elements of President Biden’s economic agenda. Policymakers must act now to ensure that large, profitable corporations pay their fair share. President Biden has proposed—and the U.S. House of Representatives has already passed—a 15 percent minimu...
The income tax expense and pretax U.S. earnings data presented in this column come directly from the annual 10-K reports that the companies filed with the U.S. Securities and Exchange Commission (SEC) for fiscal years that ended during 2021. Effective tax rates were calculated by dividing the current U.S. federal income tax expense that companies r...
- Steve Bonitatibus
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This list of companies and startups in United States in the government space provides data on their funding history, investment activities, and acquisition trends.
Aug 15, 2022 · Fortune 1000: The Fortune 1000 is an annual list of the 1000 largest American companies maintained by the popular magazine Fortune . The eligible companies are ranked by revenue generated from ...
