Companies that Pay the Least Taxes

There are plans to cut taxes for American corporations, slashing the present 35 percent theoretical rate companies are supposed to be. But there is a long road between “should pay” and “do pay.” The following is a list of the more relevant “effective US tax rate” paid by 11 companies that pay the least corporate taxes.

1. Baxter International is a health care company which pays an effective rate of only 2%.
2. Prologis is a REITs company (financial sector) which pays an effective tax rate of 2.3%
3. Pioneer Natural Resources is an energy company with an effective tax rate of 2.3%.
4. Digital Reality Trust- a REITs which pays 2.4% effective corporate tax.
5. Electronic Arts is a technology company paying 2.9% effective tax.
6. Becton, Dickinson is a health care company which pays an effective tax rate of 3.3%
7. Host Hotels and Resorts is a REITs with an effective tax rate of 3.3%.
8. Extra Space Storage pays 3.7% effective tax rate, and is in the REITs sector
9. Micron Technology is a technology company paying 3.7% effective tax rate.
10. Markit is in the industrial sector paying 4.4% effective tax.
11. XL Group is in the financial sector and pays a 4.8% effective tax rate.

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com