Watch CBSN Live

MoneyWatch: Nearly half of U.S. companies in the S&P 500 paid more foreign taxes than federal taxes for 2020

New reporting from CBS MoneyWatch finds that nearly half of the larger U.S. companies in a major index paid more money in foreign taxes than they did in U.S. federal taxes for 2020. Analysis shows that 241 companies paid a combined $73 billion in taxes to foreign governments last year, compared with just $6.7 billion paid in U.S. taxes. CBS News senior MoneyWatch reporter Stephen Gandel joins CBSN AM to discuss.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.