Image by Steve Buissinne from Pixabay
Some of Virginia’s biggest companies did not pay any federal income tax this year, according to a new report from a nonpartisan think tank.
Dominion Energy, Performance Food Group and Gannett paid no federal income tax for 2018 U.S. income, a report from the Institute on Taxation and Economic Policy (ITEP) shows.
The Institute on Taxation and Economic Policy is a nonpartisan nonprofit tax policy organization based in Washington, D.C., according to its website. The organization examined financial filings from 560 of the nation’s largest publicly-traded companies, according to The Center for Public Integrity, which first reported the story with NBC News. At least 60 of those companies didn’t owe federal income taxes for 2018 income.
