From the course: Finance Foundations: Income Taxes

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The biggest corporate tax loopholes in the US tax code

The biggest corporate tax loopholes in the US tax code

From the course: Finance Foundations: Income Taxes

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The biggest corporate tax loopholes in the US tax code

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- Now sometimes we say, well, all the tax loopholes all the tax loopholesbelong to corporations. belong to corporations. Where here's a list of the large corporate tax breaks in the U.S. tax code. And you can see that by far, the largest corporate tax break is the fact that large U.S. corporations are not required to pay income tax on much of the income they generate outside the United States. The second largest corporate tax break is for accelerated depreciation. Which is the fact that corporations are allowed to subtract to subtract the cost of their machinery the cost of their machinery and equipment and equipment at a very rapid rate at a very rapid rate. And therefore reduce their income taxes. These are the largest tax loopholes Ese are the largest tax loopholes in the U.S. corporate tax code. Now compare the magnitude of the numbers of the individual tax breaks and the corporate tax breaks. You see that the cost of the individual tax breaks is much larger. The simple reason for…

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