With taxes and income inequality taking center stage in the recent presidential debates, the personal finance website WalletHub yesterday released its latest S&P 100 Tax Rates report.
This report provides an in-depth analysis of the 2014 rates at which S&P 100 companies — collectively worth more than $11 trillion as of Sept. 30 — are taxed at the state, federal and international levels. Names well known to and several based in Oklahoma are on this list.
|Companies Paying the Highest Taxes||Companies Paying the Lowest Taxes|
|1||Anadarko Petroleum||1||Morgan Stanley|
|3||Devon Energy||3||General Electric|
|5||Walgreens Boots Alliance||5||Mondelez International|
|9||CVS Caremark||9||Time Warner|
- S&P 100 companies pay roughly 24 percent lower rates on international taxes than U.S. taxes.
- Tech companies, including Apple, Cisco Systems and Google, are still paying more than 25 percent lower rates abroad, continuing the trend from 2013.
- The average S&P 100 company pays an 11 percent higher tax rate than the top 3 percent of consumers.
For the full S&P 100 Tax Rate report, please visit: https://wallethub.com/edu/2014-corporate-tax-report/16339/