Name: Nike Has Paid No Federal Income Taxes for the Past Three Years
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Nike Has Paid No Federal Income Taxes for the Past Three Years

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Nike hasn't paid a cent in federal income taxes for three years.And the Beaverton sportswear giant—which regularly spars with cultural conservatives—can largely thank former President Donald Trump for its good fortune.The study named 55&nbsp;major corporations that didn't pay taxes last year, including gas and oil companies, software companies and food companies. Nike and the shipping company FedEx are the two biggest names on the list,The report was released as President Joe Biden discusses a corporate tax overhaul that would fund his infrastructure and green energy plan. Biden's plan would eliminate tax breaks that result in some companies paying an effective tax rate of zero.One of those write-offs was a federal research and experimentation credit that allows companies to write off money funneled toward research initiatives and projects.In November, the company notified state officials it wasNike&nbsp;representatives did not respond to a request for comment from WW&nbsp;on the report.Along with opening Nike's books, the report highlights a paradox: Oregon's flagship company gains social capital from&nbsp;championing&nbsp;progressive values and equity (and outraging the right wing), but it quietly benefits from the economic policies of Republicans.Of course, Nike knows when the&nbsp;culture war has gone too far: It’s suingPlease enable JavaScript to view the

Nike hasn't paid a cent in federal income taxes for three years.And the Beaverton sportswear giant—which regularly spars with cultural conservatives—can largely thank former President Donald Trump for its good fortune.The study named 55&nbsp;major corporations that didn't pay taxes last year, including gas and oil companies, software companies and food companies. Nike and the shipping company FedEx are the two biggest names on the list,The report was released as President Joe Biden discusses a corporate tax overhaul that would fund his infrastructure and green energy plan. Biden's plan...

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Nike Has Paid No Federal Income Taxes for the Past Three Years

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