Special Report

These Are The Companies That Avoid Paying Taxes

Source: JillianCain / iStock Editorial via Getty Images

20. Duke Energy
> U.S. pre-tax income: $826 million
> Federal income tax (including rebates): -$281 million
> Effective tax rate: -34.0%
> Industry: Utilities, gas and electric

Source: BalkansCat / iStock Editorial via Getty Images

19. HP
> U.S. pre-tax income: $861 million
> Federal income tax (including rebates): -$24 million
> Effective tax rate: -2.8%
> Industry: Technology

Source: Public Domain / Wikimedia Commons

18. PPL
> U.S. pre-tax income: $878 million
> Federal income tax (including rebates): -$9 million
> Effective tax rate: -1.0%
> Industry: Utilities, gas and electric

17. CMS Energy
> U.S. pre-tax income: $885 million
> Federal income tax (including rebates): -$35 million
> Effective tax rate: -4.0%
> Industry: Utilities, gas and electric

16. Hologic
> U.S. pre-tax income: $887 million
> Federal income tax (including rebates): -$62 million
> Effective tax rate: -7.0%
> Industry: Health care

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